Which of the following is not an asset? Question 2 Answer Prepaid Rent Equipment Accounts Payable Vehicles
Question
Which of the following is not an asset?
Question 2 Answer
Prepaid Rent
Equipment
Accounts Payable
Vehicles
Solution
The option that is not an asset is "Accounts Payable". This is because assets are resources owned by a company that have future economic value. "Accounts Payable", on the other hand, is a liability, representing money owed by a company to its creditors.
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