Prepaid Accounts (Also Called Prepaid Expenses) Are Generally

question 22

Multiple Choice

Prepaid accounts (also called prepaid expenses) are generally:

• A) Payments made for products and services that never expire.
• B) Classified as liabilities on the balance sheet.
• C) Decreases in equity.
• D) Assets that represent prepayments of future expenses.
• E) Promises of payments by customers.

---

Definitions:

Glomerular Filtrate

The fluid that passes from the blood through the capillary walls of the glomeruli of the kidney during the formation of urine.

Proximal Convoluted Tubule

A portion of the nephron in the kidney where significant amounts of reabsorption and secretion occur, playing a critical role in the regulation of body fluid composition.

Amino Acids

Organic compounds that combine to form proteins, serving as the building blocks of life with various functions in metabolism.

Renin Secretion

The process by which the kidneys release renin, an enzyme that plays a crucial role in the body's blood pressure regulation and electrolyte balance.