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13. Omission of a prepaid expense adjusting entry will have the following effects: Total Assets Total Expenses Total Owners' Eguiy No Effect Understated Overstated a.

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13. Omission of a prepaid expense adjusting entry will have the following effects: Total Assets Total Expenses Total Owners' Eguiy No Effect Understated Overstated a. b. Overstated Understated Overstated c. d. Overstated No Effect Overstated Overstated No Effect No Effect

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