NOT Recording the Prepaid Rent Expense Used Causes

question 98

Multiple Choice

NOT recording the Prepaid Rent Expense used causes:

• A) assets to be too low.
• B) liabilities to be too high.
• C) expenses to be too low.
• D) revenue to be too low.

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Definitions:

Storage Location

A specific area in memory or on a storage device where data is kept.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing working data and machine code.

Reflective

Pertaining to a surface or material that sends back light, heat, or sound without absorbing it, often used in screen technology or safety equipment.

Touch Screen

A display screen that detects and responds to touch gestures, allowing users to interact directly with what is displayed.