Which of the following statements is correct about prepaid expenses? Multiple choice question. Prepaid expenses are another name for accounts receivable and are reported as an asset. Prepaid expenses are also called prepaid accounts and are considered assets. Prepaid expenses are also called prepaid liabilities and are classified as liabilities. Prepaid expenses are current expense accounts and are reported on the income statement.

Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?