Which of the following would most likely be reported as an asset?
A) Service Revenue.
B) Wages.
C) Prepaid Rent.
D) Unearned Revenue.

Name: Which of the following would most likely be reported as an asset? A) Service Revenue. B) Wages. C) Prepaid Rent. D) Unearned Revenue.
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Question

Quizplus · Accepted Answer

Prepaid Rent is an expense paid in advance, which will benefit the company in the future. Therefore, it is considered an asset. The other options listed are either revenue or liabilities.

Which of the Following Would Most Likely Be Reported as an Asset