QUESTION 9 Not yet answered Marked out of 1.00P Flag question At the end of the fiscal year, the usual adjusting entry to update Prepaid Insurance for the portion of the benefit that was used up /expired was accidentally omitted. Which of the following statements is true? Select one: a. Total assets at the end of the year will be understated. b. Stockholders' Equity at the end of the year will be understated. O C. Net Income for the year will be overstated. d. Insurance expense will be overstated. e. None of the above