Select the Most Common Use of a Fixture

question 148

Multiple Choice

Select the most common use of a fixture.

• A) used in inspection to hold a part in the same position
• B) used to secure a cabinet to a wall
• C) used as a base for support of the tools
• D) none of the above

---

Definitions:

Prepaid Rent

Prepaid rent refers to payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed or the rental period elapses.

Notes Payable

Financial obligations or loans evidenced by promissory notes that a company or individual owes and is required to pay in the future.

Salaries Expense

Salaries expense represents the total amount paid to employees for services rendered during a specific period, including wages, bonuses, and other compensation.

Prepaid Insurance

An asset account that represents insurance payments made in advance, which are expensed as the insurance coverage period lapses.