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Odom Company's Prepaid Expenses Increased $3,000 Between 12/31/2021 and the 12/31/2022.If

Question 83

Multiple Choice

Odom Company's prepaid expenses increased $3,000 between 12/31/2021 and the 12/31/2022.If Odom uses a worksheet is to facilitate the preparation of the statement of cash flows, the entry in the reconciling columns of the worksheet would be


A) Operating- Increase in Prepaid Expenses (debit column) , Prepaid Expenses (credit column) .
B) Prepaid Expenses (debit column) , Cash (credit column) .
C) Prepaid Expenses (debit column) Operating- Increase in Prepaid Expenses (credit column) .
D) Cash (debit column) , Prepaid Expenses (credit column) .

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