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14 X Prepaid insurance and prepaid rent are examples of Prepaid expenses True B) False Question 15 1 Point 1 Point D Liabilities are creditors'

14 X Prepaid insurance and prepaid rent are examples of Prepaid expenses True B) False Question 15 1 Point 1 Point D Liabilities are creditors' claims on assets. These claims reflect company obligations to provide assets, products or services to others. A) True B False Question 16 Capital and Revenues are Liability Accounts True B) False 1 Point

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