Prepaid expense d. Unearned revenue The Unearned Service Revenue account is classified as a(n) a. asset. b. revenue. c. expense. d. liability. Use the following data to calculate the retained earnings? Accounts payable $5,000 Notes ...
What is classified as a prepaid expense account? Answer and Explanation: Prepaid expenses are expenses that have been paid in advance yet will be used as an expense in the future. It is simply an expense that has already... Learn more about this topic: ...
Instead, the amount will be classified as a liability on the magazine’s balance sheet. As each month during the subscription term is realized, a monthly total will be added to the sales revenue on the income statement, until the full subscription amount is accounted for. During these same t...
5. Long-term assets are relatively long-lived assets used in operating an organization and may be further classified into fixed assets, or plant and equipment, and intangible assets.(1)简单句型。连词and连接两个并列的谓语:are…and may be…(2)or"plant and equipment”是 fixed assets 的同位语。
C. US GAAP but may be classified as either operating or financing cash flows under IFRS. 解析:选C。利息费用在美国公认会计准则下总是被归类为经营性现金流,但在国际财务报告准则下也可以被归类为经营性现金流或融资性现金流。 Q2 [Attention]A company has recorded an expense for interest costs that ...
百度试题 结果1 题目Long-term asset can be classified into ( ) A. current asset B. prepaid expense C. fixed asset D. intangible asset 相关知识点: 试题来源: 解析 CD 反馈 收藏
All of the independent contractors of Seller and its -34- Subsidiaries have been properly classified as independent contractors for the purposes of all Applicable Legal Requirements. Each of the employees of Seller and its Subsidiaries is legally permitted to be employed by Seller or such Subsidiary...
Under tax rules, a repair is not always an immediately deductible expense; often it is classified as a capital expenditure. Expenses that keep property in an ordinarily efficient operating condition and do not add to its value or appreciably prolong its useful life usually are deductible. If, ...
(1.2) Fair Value changes in other equity investment - 9,561 (2) Items that were or will be reclassified to profit or loss 108,000 (109,054) (2.1) Effective portion of gains or loss of cash flow hedge (78,285) (151,993) (2.2) Translation differences of foreign financial statements ...
The deferred expense is recorded as an asset on the company's balance sheet (e.g.,prepaid rent). The prepaid expense is classified as an asset. That account is debited, while the cash account is credited for the same amount. Once incurred, the expense is recognized on the income statement...