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  3. prepayments occur when: multiple choice cash payme

Prepayments occur when: Multiple Choice cash payment occurs after the expense is incurred and liability...

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Accounting

Prepayments occur when:
Multiple Choice
cash payment occurs after the expense is incurred and liability is recorded.
customers are unable to pay the full amount due when goods are delivered.
sales are delayed pending credit approval.
a cash flow precedes either expense or revenue recognition.
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