How are prepaid expenses, accrued expenses, unearned revenue, and accrued revenue similar to each other? 

a. Prepaid expenses and accrued expenses are both reported as expenses in the income statement 

b. Accrued Revenue and prepaid expenses are both assets account in the balance sheet 

c. Prepaid expenses and unearned revenue are reported as income accounts in the income statement 

d. Accrued revenue and unearned revenue are both assets accounts in the balance sheet

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is b Accrued Revenue ... View the full answer