prepaid expenses will become ______ when their future benefits expire.\na. revenues\nb. assets\nc…

Brief Explanations:

Prepaid expenses are initially recorded as assets because they represent future economic benefits. When these future benefits expire (i.e., the prepaid service or good is consumed), the asset is no longer an asset. At that point, the cost associated with the prepaid expense is recognized as an expense on the income statement. Revenues are generated from selling goods or services. Liabilities are obligations. And while prepaid expenses start as assets, when benefits expire, they are expensed.

Answer:

C. expenses