Examlex
Description is to assessment as _________ is to prognosis.
Asset Account
An account on a balance sheet representing the resources owned by a company, with future economic benefit.
Unearned Revenue
Revenue received by a company for goods or services that are yet to be delivered or performed.
Cash
The most liquid form of assets, representing currency or assets that can be immediately turned into currency.
Prepaid Expense
An expense that is paid for in advance and recorded as an asset until it is actually incurred.
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