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Prepaid expenses are a. Classified as liabilities on the balance sheet. b. Assets that represent prepayments of future expenses. c. Payments made for products and
Prepaid expenses are
a.
Classified as liabilities on the balance sheet.
b.
Assets that represent prepayments of future expenses.
c.
Payments made for products and services that do not ever expire.
d.
Decreases in equity.
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