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Author Question: Which of the following is TRUE regarding the accounts prepaid rent and rent expense? (Read 131 times)

ETearle

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on: Feb 18, 2020
Which of the following is TRUE regarding the accounts prepaid rent and rent expense?
◦ TThese account titles both mean the same thing and are used interchangeably.
◦ Rent expense represents an asset account, while prepaid rent represents the cost of rent used to deliver goods or services to customers.
◦ Prepaid rent represents the cost of rent paid for but not yet used, while rent expense represents the cost of rent used to deliver goods or services to customers.
◦ Prepaid rent represents the cost of rent not yet paid for, while rent expense represents the cost of rent which has been paid for.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by ETearle on Feb 18, 2020

lin77x

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ETearle

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
Excellent

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