n1 Rent paid in advance is recorded as prepaid rent match with ut of uestion Select one: a. Materiality b. Economic entity C. Comparability characteristic d. Expense recognition principle n 2 Prepaid expenses can best be described as an amount d out of Select one: a. Paid and reported on the income statement question O O b. Not paid and reported on the income statement C. Not paid and not reported on the income statement d. Paid and reported on the balance sheet