A prepaid expense is
A) a payment received by the company in advance for the future sale of inventory or performance of services
B) an item of goods or services purchased by the company for use in its operations but not fully consumed by the end of the accounting period
C) an expense that has been incurred during the accounting period but has been neither paid nor recorded
D) an item that has been earned by the company during the accounting period but has been neither received nor recorded
B
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Rehearsing your presentation will
A) help you check your voice, timing, phrasing, and equipment. B) increase your need for text slides. C) most likely ruin your ability to make an impromptu presentation. D) rob you of the confidence you need. E) waste valuable time, since most presentations are delivered in person.
Properties owned by businesses are eligible for mortgage refinancing under the Mortgage Forgiveness Debt Relief Act.
Answer the following statement true (T) or false (F)
Suppose you have a 20 percent probability of having your cash lost or stolen, and you spend $25 each day. Your total cost of holding cash is (182.50/T) + (3.75 ×T). a.What is your cost of going to the ATM? b.What is the nominal interest rate? c.How often will you go to the ATM to minimize your costs?
What will be an ideal response?
Identify an advantage and disadvantage of implementing multiple sourcing
What will be an ideal response?