Question: Question 5 (3 points) Year-end net assets would be overstated and current expenses would be understated as a result of failure to record which of

Question 5 (3 points) Year-end net assets would be overstated and current expenses would be understated as a result of failure to record which of the following adjusting entries? Expiration of prepaid insurance Use of supplies Depreciation of fixed assets ho Use of supplies and Depreciation of fixed assets Expiration of prepaid insurance and use of supplies All of the possibilities are correct

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