Prepaid expense would appear on which financial statement?
A) Balance Sheet
B) Income Statement
C) Owner's Equity Statement
D) None of the above answers are correct.

Name: Prepaid expense would appear on which financial statement? A) Balance Sheet B) Income Statement C) Owner's Equity Statement D) None of the above answers are correct.
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Question

Quizplus · Accepted Answer

Prepaid expenses are considered current assets and appear on the balance sheet. They represent payments made for goods or services to be received in the future.

Prepaid Expense Would Appear on Which Financial Statement