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D Question 4 1 pts Assume that Wren Inc. failed to make an adjusting journal entry for its prepaid insurance that had been used during

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D Question 4 1 pts Assume that Wren Inc. failed to make an adjusting journal entry for its prepaid insurance that had been used during the period. What is the impact on the financial statements? O Liabilities and stockholders' equity will be overstated O Assets and stockholders' equity will be understated O Assets and stockholders' equity will be overstated O Liabilities and stockholders' equity will be understated

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