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    Accounting Principles
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    Exam 3: Adjusting the Accounts
  5. Question
    Failure to Adjust a Prepaid Expense Account for the Amount
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Failure to Adjust a Prepaid Expense Account for the Amount

Question 236

Question 236

Short Answer

Failure to adjust a prepaid expense account for the amount expired will cause ______________ to be understated and ________________ to be overstated.

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