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The title Prepaid Expense suggests that this type of account is an expense. If it is, explain why. If it is not, what type of

The title Prepaid Expense suggests that this type of account is an expense. If it is, explain why. If it is not, what type of account is it? Miller-Nobles, Tracie L.; Mattison, Brenda L.; Matsumura, Ella Mae; Meissner, Carol A.; Johnston, Jo-Ann L.; Norwood, Peter R.. Horngren's Accounting, Volume 1, Tenth Canadian Edition, (Page 147). Pearson Education. Kindle Edition.

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