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  3. which of the following is a definition of a prepay

Which of the following is a definition of a prepayment? An advance payment received from...

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Accounting

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Which of the following is a definition of a prepayment? An advance payment received from a customer for goods to be delivered to them in the next accounting period The initial repayment of a loan payable in installments A current asset representing a payment made for goods or services yet to be received A current asset representing a payment made for goods recently received

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