Examlex
The principle of the citrate test includes all the following, except:
Decrease in Inventories
A reduction in the quantity or value of the inventory on hand, which may result from sales, usage, spoilage, or obsolescence.
Prepaid Expenses
Prepaid expenses are future expenses that have been paid in advance and are recorded as assets until they are actually incurred.
Dividends Payable
The amount of declared dividends that a company has committed to pay out to its shareholders but has not yet distributed.
Prepaid Assets
Assets that represent future expenses that have been paid in advance and will be recognized as expenses when they are actually incurred.
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