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As prepaid expenses expire with the passage of time, the correct adjustment will be a: a. increase an asset account and a decrease an asset

As prepaid expenses expire with the passage of time, the correct adjustment will be a: a. increase an asset account and a decrease an asset account. b. increase an expense account and a decrease an expense account. c. increase an asset account and a decrease an expense account. d. increase an expense account and a decrease an asset account

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