A Prepaid Expense Can Best Be Described as an Amount

question 106

Multiple Choice

A prepaid expense can best be described as an amount

• A) paid and currently matched with revenues.
• B) paid and not currently matched with revenues.
• C) not paid and currently matched with revenues.
• D) not paid and not currently matched with revenues.

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Definitions:

Disbursements Fund

A fund set aside for the payment of expenses or disbursement of funds for specific purposes as they arise.