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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 4: The Accounting Cycle Continued: Preparing Worksheets and Financial Statements
  5. Question
    As Prepaid Rent Is Used, the Asset Becomes A(n)
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As Prepaid Rent Is Used, the Asset Becomes A(n)

Question 34

Question 34

Multiple Choice

As Prepaid Rent is used, the asset becomes a(n)


A) liability.
B) expense.
C) contra-asset.
D) revenue.

Correct Answer:

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