Prepaid expenses are often referred to as deferrals because the recording of the expense is deferred...

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Prepaid expenses are often referred to as deferrals because the recording of the expense is deferred until after cash is paid

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Answer 1

Answer #1

Answer : True

IF the Cash is paid or revenue is received before the period that the expenses are belongs or revenue are recognised, they are knows as deferrals

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Answer 2

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Prepaid expenses are often referred to as deferrals because the recording of the expense is deferred...

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23. With accrued expenses, cash payment follows recording the expense. a. True b. False 24. What...

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Prepaid expenses are often referred to as deferrals because the recording of the expense is deferred...

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