Multiple Choice
As Unearned Rent is earned, it becomes
A) an asset.
B) a revenue.
C) a liability.
D) an expense.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: Unearned Revenue is a liability account used
Q53: The perpetual inventory method is<br>A) used by
Q54: Debra paid $960 on a one-year insurance
Q55: The adjustment for supplies used would be
Q56: Inventory Shrinkage results because of<br>A) theft.<br>B) breakage.<br>C)
Q57: A perpetual inventory system is an inventory
Q59: Assuming a periodic system, the beginning inventory<br>A)
Q60: Mortgage Payable is what type of account?<br>A)
Q61: Interest Expense is<br>A) a cost of borrowing
Q63: The periodic inventory system updates the record