What is the following items are not included in liabilities? a) long-term loans b) Revenue received in advance. c) Prepaid expenses.

Pre-paid expenses, as they don't involve immediate or delayed cost to be labelled a "liability" & since paid without involving core cost (compared to Revenue Paid in Advance). They rather belong to the Assets column.

Prepaid expenses

OFCOURSE THE OPTION C) PREPAID EXPENSES

OPTION C, PREPAID EXPENSES, BECAUSE THESE EXPENSES WILL BE OCCURED IN FUTURE.

OPTION C IS THE CORRECT ANSWER

C

C,  prepaid expenses are classified as current assets

c

c) Prepaid expenses. 

agreed with all

PREPAID EXPENSES (c)

Answer is C-Prepaid Expenses