krstn6172 krstn6172

15-04-2018
Mathematics

contestada

When making the adjustment for prepaid insurance, instead of writing off only the time that has passed the entire policy was written off.This would:

a. overstate the assets
b. overstate the liabilities
c. understate net income
d. None of the above.

Respuesta :

Rocco111 Rocco111

15-04-2018

I think it's C understate net income

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