224k views
23 votes
If a company failed to make the end-of-period adjustment to move the amount of management fees that were earned from the Unearned Management Fees account to the Management Fees Revenue account, this omission would cause:

User Swagrov
by
5.4k points

1 Answer

10 votes
An overstatement of net income.
User Zin Myo Swe
by
6.3k points