Examlex
Which of the following is true of employee leasing?
Prepaid Expenses
Prepaid expenses are future expenses that have been paid in advance and are recorded as assets until they are actually incurred.
Dividends Payable
The amount of declared dividends that a company has committed to pay out to its shareholders but has not yet distributed.
Prepaid Assets
Assets that represent future expenses that have been paid in advance and will be recognized as expenses when they are actually incurred.
Accounts Payable
Liabilities of a business that are yet to be paid out to creditors, typically for purchases of goods and services.
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