A Prepaid Expense Is

question 36

Multiple Choice

A prepaid expense is

• A)a payment received by the company in advance for the future sale of inventory or performance of services
• B)an item of goods or services purchased by the company for use in its operations but not fully consumed by the end of the accounting period
• C)an expense that has been incurred during the accounting period but has been neither paid nor recorded
• D)an item that has been earned by the company during the accounting period but has been neither received nor recorded

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Definitions:

Action Potential

Change in membrane potential in an excitable tissue that acts as an electric signal and is propagated in an all-or-none fashion.

Atria Contract

refers to the phase in the cardiac cycle when the atria (upper chambers of the heart) contract to push blood into the ventricles.

Plateau Phase

Prolongation of the depolarization phase of a cardiac muscle cell membrane; results in a prolonged refractory period.

Cardiac Muscle Cell

Cardiac muscle cell, also known as a cardiomyocyte, is a specialized type of muscle cell found in the heart that contracts to pump blood throughout the body.