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An example of an account where Cash is paid before Expense is recognized is: a. accumulated depreciation b. unearned rent c. prepaid subscriptions d. accounts
An example of an account where Cash is paid before Expense is recognized is:
a. accumulated depreciation
b. unearned rent
c. prepaid subscriptions
d. accounts receivable
The correct answer is "prepaid subscriptions", I know the reason for this one, but why isn't "accumulated depreciation" also a correct answer?
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