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akeAssignment/take -OIS|Cengage .. Cengag What\'s Hot e)WildTangent Games Calculator Prepaid expenses are eventually expected to become Oa. expenses when their future economic value expires or is used up Ob. expenses in the period when they are paid c. revenues when the liability is no longer owed d. revenues when services are performed

Solution

a. expenses when their future economic value expires or is used up.

Prepaid expenses are future expenses that have been paid in advance.