Is prepaid insurance a current asset?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

yes, it is
4 people found this useful

Is a prepaid expense an operating asset?

\nYes. the are counted as a non-financial asset.A prepaid expense is a considered an asset because it entitles the company to receive a benefit in the future. They are normall

Is prepaid rent an asset or liability?

Prepaid rent is the asset of compan as it is paid already but notdue yet so it is current asset and shown in current assets underbalance sheet.

Is a prepaid asset considered an intangible asset?

No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tang

Are prepaid expense a current asset?

If prepaid expanses represents current year expenses then it is current assets in fact, prepaid expenses are current assets. why? this is because you had paid in advance for

Is prepaid rent is asset?

Yes, any expense paid in advance iscurrent asset as the actual benefit will be taken in future timeperiod.

Why prepaid expense is an asset?

Prepaid expenses are an asset because you (as the company) is owedsomething. When you are owed something by another then you list itas an asset until it's paid. Investopedia

Is Prepaid insurance is an asset account?

Prepaid insurance is that amount which is paid in advance forfuture insurance so until actual insurance facility is availed bycompany it is an asset of company and if it is fo