Unexpired costs are considered to be:
A) assets
B) expenses, whether or not cash has been paid
C) expenses, if cash has been paid
D) adjusted expenses

Name: Unexpired costs are considered to be: A) assets B) expenses, whether or not cash has been paid C) expenses, if cash has been paid D) adjusted expenses
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Unexpired costs are considered assets because they represent future economic benefits that have not yet been used up or expired.

Unexpired Costs Are Considered to Be