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Which of the following items are expenses? I. Paying for next accounting period's rent ...

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Accounting

Which of the following items are expenses?
I. Paying for next accounting period's rent
II. Buying inventory in cash
III. Paying unpaid wages, which relate to work completed in the previous accounting period
IV. Purchasing a building in cash
V. Paying off a bank loan
Select one:
a. All of I-V are expenses.
b. None of I-V are expenses.
c. II and IV
d. I, II, IV
e. III and V
f. I, II, III, IV
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