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gOOvER gOOvER
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6 years ago
When a prepaid expense is initially recorded as an expense, the adjusting entry:
A) transfers the used portion to an asset account.
B) transfers the unused portion to an asset account.
C) transfers the used portion to an expense account.
D) there is no need for an adjusting entry.
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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migrodmigrod
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gOOvER Author
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5 years ago
Your help has been outstanding, keep it up!
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