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Please advise what the correct answers are. A prepayment is originally recorded as an asset. tater, at the end of the accounting period, an adjustment
Please advise what the correct answers are.
A prepayment is originally recorded as an asset. tater, at the end of the accounting period, an adjustment is recorded causing a(n) account. in the asset account and an) in the expense decrease, increase increase; decrease decrease; decrease increase; increase Which of the following situations would cause the balance per bank to be more than the balance per books? deduct the amount of the outstanding checks from the balance per books. add the amount of the outstanding checks to the balance per bank. add the amount of the outstanding checks to the balance per books. deduct the amount of the outstanding checks from the balance per bank. Internal users of financial data include: investors management. creditors regulatory authorities. Which of the following would not represent a financing activity? An investment of capital by the owners. Payment of interest on a loan Borrowing money from a bank to purchase new equipment. Paying dividends to stockholders
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