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متابعة

Prepaid expenses are valued on the statement of financial position at the ?

a. cost to acquire the asset b. Face amount collectible at maturity c.Cost to acquire minus accumulated amortization d.cost less expired or used portion.

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تم إضافة السؤال من قبل SREEDEVI SUNILKUMAR
تاريخ النشر: 2014/04/03
Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Answer is D

Sayed Mohamed Abd ELhameed
من قبل Sayed Mohamed Abd ELhameed , Chief Accountant , Whole Foods Trading Company

Prepaid expenses, such as supplies, prepaid rent, and prepaid insurance, are reported on the balance sheet at cost minus the expired or used portion. These are typically current assets.

Anayatullah Tahir
من قبل Anayatullah Tahir , Accounting Consultant , Various

D.cost less expired or used portion.

المزيد من الأسئلة المماثلة