If prepaid rent for the period is not adjusted for the portion expired (used up),...
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Accounting
If prepaid rent for the period is not adjusted for the portion expired (used up), assets will be understated and expenses will be overstated. O assets will be understated and expenses will be understated. None of the choices are correct. O assets will be overstated and expenses will be overstated. O assets will be overstated and expenses will be understated

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