Question

Eve runs a small business. She runs her business operations from a rented office. Eve has paid the office rent worth $10,000 for the next four months in advance. Under which component of her business’s balance sheet would this amount fall?
A.
current assets
B.
fixed assets
C.
current liabilities
D.
long-term liabilities
E.
owners’ equity

Answer 1

Answer:

C. Current liabilities

Explanation:

Answer 2

Answer:

fixed assets

Explanation:

B