which of the following would not be prepaid expense? a. equipment rental b. insurance c. office...

which of the following would not be prepaid expense?

a. equipment rental

b. insurance

c. office suppies

d. none of the above

Solutions

Expert Solution

Option C is the answer.

Prepaid expenses are the prepayments made by the organization which are deemed to provide continual benefit over the time.

Office supplies is a current asset. Hence it is the answer

ekkarill92 answered 1 year ago

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