Prepaid Rent is a(n) ________ account and has a normal ________ balance.

A) asset; debit
B) liability; credit
C) liability; debit
D) asset; credit

Answer: A) asset; debit

Business

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A ______________________, which shows the number of units to be produced each month, is similar to merchandise purchases budgets except that the number of units to be purchased each month is replaced by the number of units to be manufactured each month.

Fill in the blank(s) with the appropriate word(s).

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American firms that seem insulated from foreign competition today may be vulnerable tomorrow

Indicate whether the statement is true or false

Business