The Adjusting Entry for a Prepaid Expense Always Involves A(n)

question 44

Multiple Choice

The adjusting entry for a prepaid expense always involves a(n) :

• A) liability account and a revenue account
• B) expense account and a liability account
• C) asset account and a liability account
• D) expense account and an asset account

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Definitions:

Correct Measurement

The act of obtaining accurate and precise dimensions, capacity, quantity, or extent of something.

Heart Failure

A chronic condition in which the heart is unable to pump blood efficiently to meet the body's needs.

Restless

Characterized by an inability to relax or remain still, often due to anxiety, boredom, or other psychological stressors.

Body Temperature

A measure of the body's ability to generate and get rid of heat, reflecting the balance between heat production and heat loss.