Which of the Following Statements About Prepaid Expenses Is NOT

Which of the following statements about prepaid expenses is NOT true?

A) Prepaid expenses arise because an expenditure has been made,but there is still value extending into the future.
B) Prepaid expenses are expenses that have been incurred during the current period,but will not be paid until the following period.
C) Prepaid expenses are usually classified as current assets.
D) Prepaid expenses arise when the payment schedule for an expense doesn't match the company's fiscal period.