Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how to tell if an expenditure is being recorded as

how to tell if an expenditure is being recorded as an asset or if it is...

80.2K

Verified Solution

Question

Accounting

how to tell if an expenditure is being recorded as an asset orif it is being expensed immediately when looking at a balancesheet.

Answer & Explanation Solved by verified expert
4.4 Ratings (673 Votes)
When we look at Balance sheet the prepaid expenses which goes beyond the calendar year like prepaid insurance prepaid rent supplies are shown as current assets in the balnce sheet Part of it    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A spherical rock (R= 19 cm, p=3350 kg/m^3) is attached to the end of a copper...

Physics
Q

The circled portion of the karyotype indicates at chromosome number B 13 14 15 KR...

Biology
Q

16 B F

Geometry
Q

Step 2 We need to determine how fast the area of the rectangle is increasing...

Calculus
Q

els that are the same 6x 2 2 6x 1 a Show that when x...

Algebra
Q

"Liabilities" Please respond to the following For this week's eActivity, research one (1) publicly traded...

Accounting
Q

Type of housing used by people who move a lot for hunting and food gathering:...

Accounting
Q

18 Which of the following will prevent a corporation from qualifying under subchapter s ing...

Accounting
Q

Net Present Value Use Exhibit 123.1 and Exhibit 120.2. Each of the following scenarios is...

Accounting
Q

Bramble inc, has two divisions. Division A makes and sells student desks. Division B manufactures...

Accounting
Q

Below Transactions were recorded in the records of a manunufaturer during Sept. 2023. Please calculate...

Accounting
Q

Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the...

Accounting