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Which of the following are accurate statements regarding how to report or treat prepaid accounts? Multiple select question. The unexpired portion of prepaid accounts are

Which of the following are accurate statements regarding how to report or treat prepaid accounts?

Multiple select question.

The unexpired portion of prepaid accounts are treated as assets.

Over time, the expired portion of prepaid accounts is transferred from the asset account and reported as an expense.

The expired portion of prepaid accounts is reported on the income statement as an expense.

The expired portion of prepaid accounts is treated as liabilities.

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