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If the required adjusting entry for prepaid rent that has expired for the period is omitted: Multiple Choice A)assets will be understated and net income

If the required adjusting entry for prepaid rent that has expired for the period is omitted:

Multiple Choice

A)assets will be understated and net income understated.

B) assets will be overstated and net income understated.

C) assets will be overstated and net income overstated.

D) assets will be understated and net income overstated.

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