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What is the company before adjustments

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Reference no: EM133003470

Problem 1: At May 31, Winston Company's unadjusted trial balance shows Prepaid Insurance of $2,200. This insurance was purchased on January 1st of the same year and covers 12 months. Before adjustments, the company's:

Group of answer choices

A. Net income would be overstated.

B. Expenses would be overstated.

C. Liabilities would be overstated.

D. Assets would be understated.

Reference no: EM133003470

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