Prepaid Insurance Would Appear on a Classified Balance Sheet as A(n)

question 108

Multiple Choice

Prepaid insurance would appear on a classified balance sheet as a(n) :

• A)long-term liability.
• B)long-term asset.
• C)current asset.
• D)other asset.

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Definitions:

Osteoclasis

The surgical breaking of a bone to correct a deformity.

Break

A pause or interval for rest or to interrupt a continuity.

Cyanotic

A condition marked by a bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygenation of the blood.

Pertaining To

Relating to or concerning something; relevant or applicable.