Question: 6. What impact does recognising a prepayment have on the income statement? A: Expenses will decrease, profit will decrease B: Expenses will decrease, profit will

6. What impact does recognising a prepayment have on the income statement? A: Expenses will decrease, profit will decrease B: Expenses will decrease, profit will increase C: Expenses will increase, profit will increase D: Expenses will increase, profit will decrease

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