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    Core Concepts of Accounting
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    Exam 3: The Mechanics of Double-Entry Bookkeeping
  5. Question
    The Prepayment of an Expense Item Is A(n)
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The Prepayment of an Expense Item Is A(n)

Question 44

Question 44

Multiple Choice

The prepayment of an expense item is a(n)


A) accrued liability.
B) accrued expense.
C) deferred expense.
D) deferred liability.
E) deferred revenue.

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