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Prepaid expenses classified as current assets represent: A. current year expenses that have been accrued. B. current year cash payments that will be matched against
Prepaid expenses classified as current assets represent:
A. |
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B. | current year cash payments that will be matched against revenues of the next year. | ||
C. | cash that has been segregated to pay for future expenses | ||
D. | expenses of the current year that have been paid in advance. |
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