A

Admin • 802.91K Points
Coach

Q. Prepaid insurance is shown under:

  • (A) Current Liability
  • (B) Fixed Asset
  • (C) Current Asset
  • (D) Long-Term Liability
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Prepaid insurance is a current asset as it represents advance payment of an expense.

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