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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.

Accounting
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Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/04/03
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Divyesh Patel
par Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Answer is D

Sayed Mohamed Abd ELhameed
par 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
par Anayatullah Tahir , Finance Manager , Etqan Projects

D.cost less expired or used portion.

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