The Unearned Rent Account Has a Balance of $72,000

question 19

Multiple Choice

The unearned rent account has a balance of $72,000. If $18,000 of the $72,000 is unearned at the end of the accounting period, the amount of the adjusting entry is

• A) $18,000
• B) $90,000
• C) $54,000
• D) $36,000

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Definitions:

Professional Value

Ethical standards and principles that guide the behavior and decision-making process of individuals within a particular profession.

American Association

An organization or group in the United States dedicated to a specific cause, profession, or field of interest, without enough context to specify which association.

Colleges of Nursing

Colleges of Nursing are educational institutions dedicated to teaching the science and practice of nursing, offering various degrees and certifications in the nursing field.

Confidentiality

The ethical principle or legal right that a physician or other healthcare provider will hold secret all information relating to a patient, unless the patient gives consent permitting disclosure.