Question: FAilure to make an adjustind entry to recognize a deffered expense would casue an: Overstatement of assets and stockholders equity and an understatment of expenses

FAilure to make an adjustind entry to recognize a deffered expense would casue an:
Overstatement of assets and stockholders equity and an understatment of expenses
overstatment of expenses, asses and stock holders equity
understatement of expenses and stockholders equity and an overstatment of cash
Understatment of expenses, assests and stockholders equity
none of the abpove

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