Which of the following would not be a prepaid expense?
A)Equipment Rental for a day
B)Insurance for six months
C)Office Supplies to have on hand
D)None of the above

Question

Quizplus · Accepted Answer

Equipment rental for a day is typically not considered a prepaid expense because it is a short-term cost that is incurred and used up within a single day, rather than being paid in advance for future use.

Which of the Following Would Not Be a Prepaid Expense