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    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 6: Presentation of Financial Performance and the Worksheet
  5. Question
    An Item That Is a Cash Payment in the Current
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An Item That Is a Cash Payment in the Current

Question 53

Question 53

Multiple Choice

An item that is a cash payment in the current period and an expense of the next period is:


A) a prepayment.
B) not adjusted.
C) an accrued expense.
D) part expense, part accrued expense.

Correct Answer:

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