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Prepaid expenses are: a. incurred and already paid or recorded. b. incurred but not yet paid or recorded. c. paid and recorded in an asset
Prepaid expenses are:
a. | incurred and already paid or recorded. | |
b. | incurred but not yet paid or recorded. | |
c. | paid and recorded in an asset account after they are used or consumed. | |
d. | paid and recorded in an asset account before they are used or consumed. |
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