Examlex
You should state your central idea as a one-paragraph summary of your speech,and then generate main ideas by looking for natural divisions,reasons,or steps to support your central idea.
Prepaid Rent Expense
An advance payment for rent that is recorded as an asset on the balance sheet until it is consumed or the rental period elapses.
Contra-Asset
An account that offsets an associated asset account on a company's balance sheet, like an allowance for doubtful accounts reducing accounts receivable.
Original Cost
The initial price paid to acquire an asset or service, not accounting for depreciation or adjustments.
Book Value
The residual amount that represents a company's assets minus its liabilities.
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