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The entry to record expired insurance is omitted. This error causes Select one: a. assets to be overstated. b. expenses to be overstated. c. liabilities

The entry to record expired insurance is omitted. This error causes

Select one:

a. assets to be overstated.

b. expenses to be overstated.

c. liabilities to be overstated.

d. liabilities to be understated.

e. an increase in liabilities on the balance sheet.

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