Question

Which of the following is an example of a prepaid expense?

Select one:
a. Unearned Fees
b. Supplies
c. Accounts Receivable
d. Unearned Subscriptions

Answer 1

Unearned Subscriptions is an example of a prepaid expense.

Step-by-step explanation:

An example of a prepaid expense is Unearned Subscriptions. Prepaid expenses refer to expenses that are paid in advance but have not been used or consumed yet. In this case, unearned subscriptions are payments received in advance for magazines or newspapers that have not been delivered to the subscribers yet.