Examlex
The benefits of groups were described in the text as all of the following except:
Prepaid Gym Memberships
Payments made in advance for gym services, representing a future expense for the gym that becomes realized as the service period elapses.
Prepaid Insurance
An asset account on the balance sheet that represents the advance payment of insurance premiums for future coverage periods.
Expired Insurance
Insurance coverage that has come to an end or is not in force due to the expiration of the policy term.
Total Assets
The sum of all current and non-current assets owned by a company, representing the total resources available to the company.
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