Examlex
Match each term with its corresponding definition or description.
-Outer layer of the epidermis made of dead cells
Rent Expense
An expense incurred by a company for the use of a property or equipment.
Repair and Maintenance
Expenses incurred to keep an asset in working condition or to restore it to its desired condition, which do not extend the asset's useful life significantly.
Bank Loan Payable
A financial obligation representing money borrowed from a bank that a company is required to pay back with interest by a specified future date.
Prepaid Insurance
An asset account on the balance sheet representing insurance payments made in advance for coverage that will extend over a future period.
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