Prepaid Accounts (Also Called Prepaid Expenses)are Generally

question 94

Multiple Choice

Prepaid accounts (also called prepaid expenses) are generally:

• A)Payments made for products and services that never expire.
• B)Classified as liabilities on the balance sheet.
• C)Decreases in equity.
• D)Assets from prepayments of future expenses.
• E)Promises of payments by customers.

---

Definitions:

Mental Health Professional

A healthcare provider specializing in the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Reduce Anxiety

Strategies or treatments aimed at decreasing feelings of nervousness, worry, or fear.

Adequate Nutrition

The intake of the right amounts and types of foods necessary to maintain health and promote proper functioning of the body.

Small-group Activities

Educational or therapeutic activities designed for a small number of participants, aimed at promoting learning, interaction, and personal development.