Prepaid expense is treated as ______
Current Asset
Current Liability
Short term liability
None of the above
Prepaid expense is treated as a current asset.
Current assets of a business firm should be financed through:
(a) Current liability only
(b) Long-term liability only
(c) Both types (i.e. long and short-term liabilities)
Current assets of a business firm should be financed through
(a) current liability only
(b) long-term liability only
(c) both types (i.e. Long and short liabilities)
A fixed asset should be financed through
(a) a long term liability
(b) a short term liability
(c) a mix of long and short term liabilities
___________ = Non current assets + current assets - current liabilities.