Which of the Following Would Be the Effect of a Transaction

question 45

Multiple Choice

Which of the following would be the effect of a transaction to expense prepaid rent for the period?

• A) increase Prepaid Rent, decrease Rent Expense
• B) increase Rent Expense, decrease Cash
• C) increase Prepaid Rent, decrease Cash
• D) increase Rent Expense, decrease Prepaid Rent

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Definitions:

Obverse

The statement formed by negating both the subject and predicate of a given categorical proposition and changing the quality from affirmative to negative, or vice versa.

Proposition

In philosophy, a content of thought expressed in language or symbols that can be analyzed as either true or false.

Converse

In logic, a statement formed by reversing the antecedent and consequent in a conditional statement; if the original statement is "If P, then Q," the converse is "If Q, then P."

Proposition

A pronouncement that exhibits a view or judgment.