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Why are prepaid expenses important to account for in the adjusting process? They determine the total owner's equity. They help keep the ledger up -

Why are prepaid expenses important to account for in the adjusting process?
They determine the total owner's equity.
They help keep the ledger up-to-date.
They help an accountant determine how much money a product could make in a market.
They are prone to frequent errors and need close attention.

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