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What is an example of a prepaid expense

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Question 1) In general, what are three possible reasons a Company's cash balance would increase year-over-year? For each possible reason, provide the corresponding account(s) that would change, or the accounting journal entry

Question 2) What does 'net of allowance' mean in relation to accounts receivable? In general, how are increases in this allowance reflected on the income statement?

Question 3) What is an example of a prepaid expense? In general, what increases when prepaid expenses decrease?

Reference no: EM132632639

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