During April,the Grass is Greener Company buys and pays for a six-month supply of fertilizer in order to receive a bulk discount.The cost of fertilizer is recorded:
A) immediately as an expense.
B) as a liability,which will later be reduced as the fertilizer used.
C) partially as an expense and partially as a liability.
D) as an asset,which will later be reduced as the fertilizer is used.
Correct Answer:
Verified
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