Prepaid expenses are valued on the statement of financial position at the ?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
What is The primary purpose of the statement of financial position to reflect ? ...
Posted by:
Beshoy Aziz
04-February-2016

a. cost to acquire the asset b. Face amount collectible at maturity c.Cost to acquire minus accumulated amortization d.cost less expired or used portion.

Accounting

Question ajoutée par SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date de publication: 2014/04/03

Apprécier (0) Vues (18) Suiveurs (1) Réponses (3) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

3 Réponses

par Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Answer is D

Apprécier (1)

Déprécier Réponses () Rapport

par Sayed Mohamed Abd ELhameed , Chief Accountant , Whole Foods Trading Company

Prepaid expenses, such as supplies, prepaid rent, and prepaid insurance, are reported on the balance sheet at cost minus the expired or used portion. These are typically current assets.

Apprécier (0)

Déprécier Réponses () Rapport