:Prepaid expenses are payments not yet made by the company always paid a year in advance the amortized portions of expenses paid for in advance the unused or unexpired portions of expenses paid for in advance

Question

:Prepaid expenses are payments not yet made by the company always paid a year in advance the amortized portions of expenses paid for in advance the unused or unexpired portions of expenses paid for in advance

Answer 1

### D. the unused or unexpired portions of expenses paid for in advance

Answer 2

## Step1: Define Prepaid Expenses### Prepaid expenses are payments made in advance for goods or services to be received in the future. They are considered assets until they are used or expire.## Step2: Identify the Correct Option### The correct definition of prepaid expenses is the unused or unexpired portions of expenses paid for in advance.

Question

:Prepaid expenses are payments not yet made by the company always paid a year in advance the amortized portions of expenses paid for in advance the unused or unexpired portions of expenses paid for in advance

Solution

Answer

Explanation