Question: Prepald accounts ( also called prepaid expenses ) are: Multiple Choice Promises of payments by customers. Payments made for products and services that never expire.
Prepald accounts also called prepaid expenses are:
Multiple Choice
Promises of payments by customers.
Payments made for products and services that never expire.
Assets from prepayments of future expenses.
Classified as equity on the balance sheet.
Classified as liabilities on the balance sheet.
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