Rent expense is an expense on the company’s income statement and should be calculated as an actual expense for the month in which it is being paid. It should not be confused withprepaid rentwhich is considered to be an asset to the company. A payment of rent will show up as a debit...
百度试题 结果1 题目Rent is the major expense for Michael each month.A. 正确B. 错误 相关知识点: 试题来源: 解析 A 反馈 收藏
All of these expenses come underbusiness expensesfor core business operations or other different types of business expenses. However, accrued expense accounts do not count as an expense account. One must understand which is an expense account and which is not an expense account. This account deals...
Example of Rent as a Product Cost If a manufacturer rents its manufacturing facilities and equipment, the rent is a product cost (as opposed to an expense of the period). That is, the rents will be included in the manufacturing overhead which is allocated to the goods produced. (Think of...
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Prepaid Rent is a(n)account and has a normalbalance. A. asset; credit B. liability; debit C. asset; debit D. liability; credit Current Asset: Current assets are those resources expected to be utilized or consumed within one year or ...
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Expense: an outflow of money Some of the likely expenses for an airline may include: the cost of tickets sold, commissions earned by travel agents, airport fees, rent for checking-in space at airports, the cost of utilities at its offices, money it spent on advertising, wages and salaries...