Prepaid expenses are a liability.

Prepaid expenses are a liability.
by

1 Answer

Answer :

State True or False with reason : Prepaid expenses are a liability.
by
selected by

Related questions

Stock and prepaid expanses are not included in ---------------- a) Current asset b) Fixed asset c) Current liability d) Quick asset

Description : Stock and prepaid expanses are not included in ---------------- a) Current asset b) Fixed asset c) Current liability d) Quick asset

Last Answer : d) Quick asset

In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Description : In the balance sheet, ending merchandise inventory is reported a. in current assets immediately following accounts receivable. b. in current assets immediately following prepaid expenses. c. in current assets immediately following cash. d. under property, plant, and equipment.

Last Answer : a. in current assets immediately following accounts receivable.

In terms of liquidity, merchandise inventory is a. more liquid than cash. b. more liquid than accounts receivable. c. more liquid than prepaid expenses. d. less liquid than store equipment.

Description : In terms of liquidity, merchandise inventory is a. more liquid than cash. b. more liquid than accounts receivable. c. more liquid than prepaid expenses. d. less liquid than store equipment.

Last Answer : c. more liquid than prepaid expenses.

Which of following is not Current Asset? A. Patent B. Bills receivable C. Cashable security D. Prepaid Expenses

Description : Which of following is not Current Asset? A. Patent B. Bills receivable C. Cashable security D. Prepaid Expenses

Last Answer : A. Patent

The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Description : The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Last Answer : A. Car

Liquid assets is determined by A. Current assets-stock-Prepaid expenses B. Current assets +stock+ prepaid expenses C. Current assets +Prepaid expenses D. None of the above

Description : Liquid assets is determined by A. Current assets-stock-Prepaid expenses B. Current assets +stock+ prepaid expenses C. Current assets +Prepaid expenses D. None of the above

Last Answer : A. Current assets-stock-Prepaid expenses

Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Description : Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Last Answer : D. Increase in creditors

Increase in prepaid expenses--------------------cash a) Increases b) Added c) Decreases d) None of these

Description : Increase in prepaid expenses--------------------cash a) Increases b) Added c) Decreases d) None of these

Last Answer : c) Decreases

What should the minimum age of criminal liability be?

Description : What should the minimum age of criminal liability be?

Last Answer : Conception Love, The Catholics

Legal liability if an invisible car is in a wreck?

Description : Legal liability if an invisible car is in a wreck?

Last Answer : Everyone’s responsible for his/her own tortious actions, including minor children. Surely, invisibility wouldn’t change anything.

At what point am I free of liability?

Description : At what point am I free of liability?

Last Answer : Remove the plates when they take it. It won’t matter if they never register it because they won’t be able to drive it without plates. You should already have the title so that shouldn’t be a problem. Contact your insurance agent for more precise info about when to drop coverage.

I have a bankruptcy liability question - (see details)

Description : I have a bankruptcy liability question - (see details)

Last Answer : Go with the attorney, he should know.

Question about homeowner's liability?

Description : Question about homeowner's liability?

Last Answer : 25 foot…wow…how long has this been there Grumpyfish?

Liability Insurance vs. Full Coverage?

Description : Liability Insurance vs. Full Coverage?

Last Answer : To replace or repair your car if it's damaged or totaled. If your car is not worth very much money the comprehensive may not be worth the expense. If it's worth more than 4 or 5 thousand you ... on Kelly Blue Book and see if the cost of replacing you car is worth the expense of the insurance.

Car accident liability? Help!

Description : Car accident liability? Help!

Last Answer : I found this Excerpt: In some situations both you and the car behind you will be stopped when a third car runs into the car behind you which pushes into the rear of your car. In that case it is the ... liability insurance you would file a claim. Sorry,tf. That is a bummer. I hope you weren't hurt.

Low cost liability insurance?

Description : Low cost liability insurance?

Last Answer : Try a local insurance broker in your area. Stay away from the big national companies because they have more overhead and they have to pay the commission of the agent who writes you. Plus, they do not have ... . If you still need help, send me a comment and I can look into more options for you.

What is the proper response to a matter-of-fact voicemail destined for someone with your same name telling you that the women's shelter does want you to come give pony rides, but that you will be required to provide your own liability insurance in case the pony hurts someone?

Description : What is the proper response to a matter-of-fact voicemail destined for someone with your same name telling you that the women's shelter does want you to come give pony rides, but that you will be required to provide your own liability insurance in case the pony hurts someone?

Last Answer : answer:After laughing and telling my friends, I’d probably call the women’s shelter and explain that they probably had the wrong person. If I were ambitious, I might contact an insurance agency and borrow a pony from somewhere.

Is my liability car insurance good in Canada?

Description : Is my liability car insurance good in Canada?

Last Answer : Allstate covered my rental in Canada about 10 yrs ago. But you would definetly need to check your coverage to be sure. Just call your agent for a quick answer.

which one of the following types of businesses has the least amount of personal liability? -General Knowledge

Description : which one of the following types of businesses has the least amount of personal liability? -General Knowledge

Last Answer : Corporation has the least amount of personal liability.

In India, which first bank of limited liability managed by Indians and founded in 1881? -General Knowledge

Description : In India, which first bank of limited liability managed by Indians and founded in 1881? -General Knowledge

Last Answer : The answer is '14'

In India, which first bank of limited liability managed by Indians and founded in 1881? -Do You Know?

Description : In India, which first bank of limited liability managed by Indians and founded in 1881? -Do You Know?

Last Answer : answer:

In India, which first bank of limited liability managed by Indians and founded in 1881? -General Knowledge

Description : In India, which first bank of limited liability managed by Indians and founded in 1881? -General Knowledge

Last Answer : answer:

What is liability insurance ?

Description : What is liability insurance ?

Last Answer : When an insurance company is liable to compensate for loss of property , loss of personal accident or death as per contract, it is called liability insurance. This liability insurance ... . Examples of liability insurance are fidelity insurance , automobile insurance, machineries insurance , etc.

What is Infinite Liability Cooperative Society ?

Description : What is Infinite Liability Cooperative Society ?

Last Answer : Infinite Liability Co-operative Society is a type of co-operative organization where the liability of the members is not limited by their purchased shares or in any other way. The members ... collectively responsible for the debts of the association. Such associations are not seen in Bangladesh.

compulsory liability and new owner of the vehicle

Description : Today my grandfather transferred a car to me - I became the new owner of the vehicle, but my grandfather is still the operator. I want to ask, how is it with compulsory insurance? Is it also necessary to report this change, or does it matter if Grandpa still wants to pay the liability?

Last Answer : Need Answer

suicide liability for damage caused

Description : Today they put Joj Court on TV - a case of recovery of damage caused to the railway company for suicide on the tracks of the survivors of the suicide. How is it in the Czech Republic? As was the case ... ). Has such a recovery ever been claimed by ČD or another injured party? How is it in Czech law?

Last Answer : yes the same

what is a A rate liability company

Description : what is a A rate liability company

Last Answer : You can search using AM Best's web site: http://www3.ambest.com/ratings/entities/search.aspx

Arrange in proper order. (a) Liability clause  (b) Registered Office cla

Description : Arrange in proper order. (a) Liability clause  (b) Registered Office cla

Last Answer : Arrange in proper order. (a) Liability clause (b) Registered Office clause (c) Subscription clause

Explain the following terms/concept : Unlimited Liability company

Description : Explain the following terms/concept : Unlimited Liability company

Last Answer : Explain the following terms/concept : Unlimited Liability company

What is an Unlimited Liability company?

Description : What is an Unlimited Liability company?

Last Answer : What is an Unlimited Liability company?

(i) The liability of shareholders of the company is unlimited.

Description : (i) The liability of shareholders of the company is unlimited.

Last Answer : Correct the underlined word and rewrite the following sentences : (i) The liability of ... dormant company is opposite to a Holding company.

What is a Limited Liability Partnership (LLP)?

Description : What is a Limited Liability Partnership (LLP)?

Last Answer : What is a Limited Liability Partnership (LLP)?

Income received in advance is a liability.

Description : Income received in advance is a liability.

Last Answer : State True or False with reason : Income received in advance is a liability.

A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

Description : A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

Last Answer : A ____________ liability is an uncertain liability. (a) Long term (b) Contingent (c) Current (d) Fixed

How is Prepares asset liability and capital account entries by comiling?

Description : How is Prepares asset liability and capital account entries by comiling?

Last Answer : Need answer

What class code for tenant's legal liability?

Description : What class code for tenant's legal liability?

Last Answer : What is General Liability class code for tenant's legalliability

Who Pecuniary Liability of Key Personnel?

Description : Who Pecuniary Liability of Key Personnel?

Last Answer : What is the answer ?

What is general liability class code 61217?

Description : What is general liability class code 61217?

Last Answer : Need answer

Healthcare Management and Legal Liability Issues?

Description : Healthcare Management and Legal Liability Issues?

Last Answer : Healthcare management is a specialized career field. Managers inthis field have to deal with unique challenges. For instance, HumanResource managers in healthcare have to manage a staff that ... , and employees want anemployer that will reward them for their hard work.Healthcare management

Limited Liability Company Worksheet?

Description : Limited Liability Company Worksheet?

Last Answer : Get StartedThere are several types of business entities which can be formed. It is recommended that you read Operating Agreement. This document is similar to a partnership agreement, because it ... not be actively managing the LLC. Consult an attorney or other advisor for further information.

General Partner Limitation of Liability?

Description : General Partner Limitation of Liability?

Last Answer : General Partner Limitation of Liability(Download)__________, constituting all of the general partners of the _______________________ limited partnership and ___________ ________________, constituting all of the ... shall be submitted to arbitration before a single arbitrator under the rules of

How to prepare an effective liability waiver for your event?

Description : How to prepare an effective liability waiver for your event?

Last Answer : Using a solid special event waiver or release of liability isessential to the risk management special events. A waiver ofliability is a contract that holds one party harmless fromliability by another for ... sign in at your event.Some key features of good event waiversThe Waiver should be no mor

How to Choose a Product Liability Lawyer?

Description : How to Choose a Product Liability Lawyer?

Last Answer : Product liability law involves consumer lawsuits over products which have:manufacturing defectdesign defectFailure to warn the defectProduct liability often involves retail items. However, it extends to anything that ... for his/her product liability claims.In both cases it is important to choose a

my mothers home of 30 years is now said to be a liability rather then an asset. she has worked her whole life for this house and sense my father died unexpectedly about 5 years ago she has been struggling greatly. well i guess what i want to know is if th?

Description : my mothers home of 30 years is now said to be a liability rather then an asset. she has worked her whole life for this house and sense my father died unexpectedly about 5 years ago she has been struggling greatly. well i guess what i want to know is if th?

Last Answer : my father died approxamently 5 years ago, my mother has sense taken out a second morgage on her home and has now recently been informed that her home is no longer an asset but rather a liability. is there a grant out there to help my mother keep her home of 30 years?

What type of liability insurance should a nonprofit corporation need to carry?

Description : What type of liability insurance should a nonprofit corporation need to carry?

Last Answer : Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.

Is auto liability insurance required in all 50 states?

Description : Is auto liability insurance required in all 50 states?

Last Answer : Yes, auto liability insurance is required in all 50 states, howeve the limits of liability vary between states. Some require less than others.

What kinds of things does my homeowners liability insurance cover?

Description : What kinds of things does my homeowners liability insurance cover?

Last Answer : When you own a home you are libl for nything that happens on your property. Homeowners liability insurance covers you in the event someone i injured on your property. Homeowner's liability insurance ... medical bills and other expenses for guests if something happens to them while at your home.

Who can file as a limited liability corporation in California?

Description : Who can file as a limited liability corporation in California?

Last Answer : If you intend to "do business as" a name different from your corporation or LLC name, then you can file as a limited liability corporation in California. Read more at www.sos.ca.gov/business/be/faqs.htm -