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Which of the following is not an asset? Question 2 Answer Prepaid Rent Equipment Accounts Payable Vehicles

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Which of the following is not an asset? Question 2 Answer Prepaid Rent Equipment Accounts Payable Vehicles
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Solution 1

The option that is not an asset is "Accounts Payable". This is because assets are resources owned by a company that have future economic value. "Accounts Payable", on the other hand, is a liability, representing money owed by a company to its creditors. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool

tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to

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