The asset that results from the payment of expenses in advance is:
A)Accounts receivable
B)Short term investments
C)Inventory
D)Prepaids

Name: The asset that results from the payment of expenses in advance is: A)Accounts receivable B)Short term investments C)Inventory D)Prepaids
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Question

Quizplus · Accepted Answer

The asset that results from the payment of expenses in advance is called a prepaid expense. Hence, the best choice is option D, which states "Prepaids".

The Asset That Results from the Payment of Expenses in Advance