Question: When would a company have an account called prepaid expenses on its financial statements? When the company decides to postpone the payment of tax on

When would a company have an account called prepaid expenses on its financial statements?
When the company decides to postpone the payment of tax on current income
When payment has been made for goods and services not yet provided to the company
When goods or services have been provided by the company but payment has not been received
When a service has been received but has not yet been paid for by the company
When would a company have an account called

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