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Before the adjusting entry for a deferral of an expense, the expenses will be _____ and the assets will be _____. A. None of the

Before the adjusting entry for a deferral of an expense, the expenses will be _____ and the assets will be _____.
  • A. None of the choices is correct
  • B. Overstated; understated.
  • C. Understated; understated.
  • D. Overstated; overstated.
  • E. Understated; overstated.

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