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If there is an increase in the Prepaid Rent account, this means that Multiple choice question. rent expense was higher than cash payments for rent;
If there is an increase in the Prepaid Rent account, this means that Multiple choice question. rent expense was higher than cash payments for rent; therefore this increase must be added to net income. rent expense was higher than cash payments for rent; therefore this increase must be subtracted from net income. cash payments for rent were higher than rent expense; therefore this increase must be subtracted from net income. cash payments for rent were higher than rent expense; therefore this increase must be added to net income
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