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Prepaid accounts (also called prepaid expenses) are generally: Question 6 options: Payments made for products and services that never expire. Classified as liabilities on the

Prepaid accounts (also called prepaid expenses) are generally: Question 6 options: Payments made for products and services that never expire. Classified as liabilities on the balance sheet. Classified as equity on the balance sheet. Assets that represent prepayments of future expenses

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