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    College Accounting Study Set 2
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    A Company Paid Next Month's Rent in Advance
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A Company Paid Next Month's Rent in Advance

Question 70

Question 70

Multiple Choice

A company paid next month's rent in advance. This would be classified as a(n) :


A) Current asset.
B) Expense.
C) Revenue.
D) Contra-Asset.

Correct Answer:

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