Question

2. The buyer's prepaid expense is the seller's
revenue
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Answer 1

what do you mean by The buyer's prepaid expense is the seller's

revenue

Step-by-step explanation:

so Prepaid items are essentially a service to the buyer by the lender. The lender collects funds including, but not limited to, property taxes and hazard insurance premiums which are deposited into an escrow account with the lender.