Prepaid accounts (also called prepaid expenses) are generally:
A. Classified as equity on the balance sheet.
B. Assets that represent prepayments of future expenses.
C. Payments made for products and services that never expire.
D. Classified as liabilities on the balance sheet.
E. Promises of payments by customers.
Answer: B
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Milton Inc., a software company, conducts Inscape's DiSC inventory assessment to evaluate its employees. The assessment reveals that there are very few employees who are calm, supportive of others, and work far ahead of any deadlines. Which DiSC category applies to the employees described in the scenario?
A. conscientiousness B. steadiness C. influence D. intelligence E. dominance
The anticipated purchase of a fixed asset for $400,000, with a useful life of 5 years and no residual value, is expected to yield total net income of $300,000 for the 5 years. The expected average rate of return is 30%
Indicate whether the statement is true or false
Undercover operations:
a. are illegal, unless conducted by law enforcement. b. may be used as fishing expeditions to obtain more information about possible fraud schemes. c. are most often used for small-scale frauds or crimes. d. All of the choices are true of undercover operations. e. None of the choices are true of undercover operations.
Which of the following is true of the per se rule in restraint of trade?
A) fails to permit any defenses and justifications to save the restraint of trade B) applies only to restraints that are found to be unreasonable with certain evidentiary standards being met C) applies to restraints that are based primarily on the firm's market share and power D) requires a balancing of the positive and negative effects of the challenged restraint