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A corporate client paying a licensing fee in December 2019 for its employees to have the ability to use a vendor's online training library during
A corporate client paying a licensing fee in December 2019 for its employees to have the ability to use a vendor's online training library during 2020 is a(n) ______________ for the client. (Please select the answer that best fills in the blank.) Hint: Please consider what the fee would be classified as when paid in 2019.
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Accrued Expense
Prepaid Expense
Accounts Receivable
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