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What are prepaid expenses? a . Payments made for economic benefits that never expire b . Always debited to an expense account c . Generally,

What are prepaid expenses?
a. Payments made for economic benefits that never expire
b. Always debited to an expense account
c. Generally, all combined into one account called "Miscellaneous Expenses"
d. Classified as liabilities on the balance sheet
e. Assets created by payments for economic benefits that are not used up until later
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