What Type of Account Is Prepaid Rent and What Is

question 50

Multiple Choice

What type of account is Prepaid rent and what is its normal balance?

• A)Revenue and credit
• B)Asset and debit
• C)Liability and credit
• D)Expense and debit

Prepare for and respond to bioterrorism attacks and other disaster scenarios within a healthcare setting.

Document and communicate essential patient information effectively to ensure safety and quality of care.

Understand the importance of promoting self-care in patients with mobility issues.

Recognize the indicators and management strategies for pressure ulcers and skin integrity in immobilized patients.

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Definitions:

Variable Cost

Expenses that change in proportion to the amount of goods produced or the volume of services provided.

Variable Costing

A costing approach in which only variable manufacturing costs are product costs, and fixed manufacturing costs are period costs (expenses).

Absorption Costing

A costing approach in which all manufacturing costs are charged to the product.

Variable

An element, feature, or factor that is subject to change, often used in financial analysis, statistics, and scientific research.