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    College Accounting
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    Exam 13: Completion of the Accounting Cycle for a Merchandising Company
  5. Question
    A Company Paid Next Month's Rent in Advance
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A Company Paid Next Month's Rent in Advance

Question 41

Question 41

Multiple Choice

A company paid next month's rent in advance. This would be classified as


A) a current asset.
B) Other Income.
C) Revenue.
D) a current liability.

Correct Answer:

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