Question 15 The Vlasik Company declared an $8 cash dividend and recorded this journal entry (assume the amount is accurate, but not necessarily the accounts): Not yet answered Points out of 3.00 Unearned Revenue $8 P Flag question Prepaid Insurance $8 Indicate the effect of the error on Net Income, Liabilities, and Owner's Equity, respectively: Select one: a. No Error, Understated, Overstated b. Understated, Understated, Understated c. No Error, No Error, No Error d. Understated, Understated, Overstated e. Overstated, No Error, Overstated Question 16 Not yet answered The Pieper Corp. recorded the accrual of an expense by debiting Depreciation Expense and crediting Accounts Payable Points out of 3.00 Indicate the effect of the error on Assets, Liabilities, and Net Income, respectively: P Flag question Select one: a. Understated, Understated, No Error b. No Error, No Error, Overstated c. Understated, No Error, Overstated d. No Error, Understated, No Error