Rent for the period to come is included in which account on the balance sheet?
A) Inventory
B) Cost of goods sold
C) Merchandise inventory
D) Accounts payable
E) Prepaid expenses

Name: Rent for the period to come is included in which account on the balance sheet? A) Inventory B) Cost of goods sold C) Merchandise inventory D) Accounts payable E) Prepaid expenses
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Question

Quizplus · Accepted Answer

Rent for the period to come is considered a prepaid expense, therefore it is included in the Prepaid expenses account on the balance sheet.

Rent for the Period to Come Is Included in Which