IS (Accounting Bootcamp)

Questions/Discussions

Sort by Date ▼ / Top Rated

Register for free or log in at the top right of this page to join the discussion
Prepaid Rent & Selling of Assets
1. Could you explain how prepaid expenses are accounted for and the impact on the financial statements? I am looking at the Morgan Supplies Company example and wondering how you would know to expense the 28? 2. if you purchased a machine for $34,000 in cash during 2013 and after depreciation t... Read More