1.Prepaid Maintenance is categorized as a Prepaid Asset, cash flows before expense recognition and the expense is recognized after cash flows out.

True

False

2.Interest Receivable is categorized as a Accrued Asset, cash flow before revenue recognition and revenue is recognized after cash flow in.

True

False

3.Equipment is categorized as a Property, Plant & Equipment, cash flows before expense recognition and expense is recognized after cash flow out.

True

False

4.Rent Payable is categorized as a Accrued Liability, cash flows before expense recognition and expense is recognized after cash flow out.

True

False

5.Unearned Rent Revenue is categorized as a Unearned Revenue, cash flows before revenue recognition and revenue is recognized after cash flow in.

True

False

6.Building is categorized as a Property, Plant & Equipment, cash flows after expense recognition and expense is recognized before cash flow out.

True

False

7.Prepaid Rent is categorized as a Prepaid Asset, cash flows before expense recognition and expense is recognized after cash flow out.

True

False

8.Interest Payable is categorized as a Unearned Revenue, cash flows after expense recognition and expense is recognized before cash flow out.

True

False

9.Unearned Ticket Revenue is categorized as a Unearned Revenue, cash flows before revenue recognition and revenue is recognized after cash flow in.

True

False

10.Rent Receivable is categorized as a Accrued Asset, cash flow after revenue recognition and revenue is recognized before cash flow in.

True

False

11.Prepaid Insurance is categorized as a Prepaid Asset, cash flows before expense recognition and expense is recognized after cash flow out.

True

False

12.Unearned Subscription Revenue is categorized as a Prepaid Asset, cash flows before revenue recognition and revenue is recognized after cash flow in.

True

False