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    Financial Accounting Study Set 21
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    Exam 2: Analyzing Transaction and Their Effect on Financial Statement
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    The Asset That Results from the Payment of Expenses in Advance
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The Asset That Results from the Payment of Expenses in Advance

Question 29

Question 29

Multiple Choice

The asset that results from the payment of expenses in advance is


A) Accounts receivable.
B) Short-term investments.
C) Inventory.
D) Prepaid expense.

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