Question: Year - end net assets would be overstated and current expenses would be understated as a result or tainur following adjusting entries? Expiration of prepaid

Year-end net assets would be overstated and current expenses would be understated as a result or tainur
following adjusting entries?
Expiration of prepaid insurance.
Depreciation of fixed assets.
Use of supplies.
All of these answer choices are correct.
Year - end net assets would be overstated and

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