On January 17, 2010, THX Company Received Rent of $90

Multiple Choice

On January 17, 2010, THX Company received rent of $90, 000 from a tenant.The rent is for the period January through September 2010.What amount of revenue should THX recognize in the quarterly income statement for the three months ended March 31, 2010, as a result of this cash receipt?

A) $90, 000
B) $30, 000
C) $22, 500
D) $ 0