Question: What is the effect on the financial statements when the company fails to record the prepaid expense entry? O Assets, Liabilities and Stockholders' Equity remain

What is the effect on the financial statements when the company

What is the effect on the financial statements when the company fails to record the prepaid expense entry? O Assets, Liabilities and Stockholders' Equity remain unchanged. O Assets increase, Liabilities remain unchanged and Stockholders' Equity increase. O Assets increase, Liabilities increase and Stockholders' Equity remain unchanged. O Assets remain unchanged, Liabilities increase and Stockholders' Equity decrease

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