Match the Type of Account (A Through E) with the Business

question 166

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Received six months of rental payments from a tenant.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Satisfaction

A state of contentment or pleasure experienced when an individual’s wants or needs are fulfilled.

Centralized Network

A network configuration where communication and decision-making are concentrated in a single node or individual, facilitating coordination and control.

Decentralized Network

A network structure where control and decision-making are distributed across various nodes rather than centralized in a single location.

Information Saturation

A state in which no additional information can be absorbed or effectively processed by an individual or system due to an overload of data.