The Account Unearned Interest: Leases Should Be Reported on the Lessor's

question 62

Multiple Choice

The account Unearned Interest: Leases should be reported on the lessor's financial statements as

• A)other revenue
• B)an asset
• C)a contra-asset
• D)a liability

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Definitions:

Capital

Financial assets or resources that individuals, companies, or governments use to fund their operations and invest in their own long-term growth.

Marketable Securities

Financial instruments and assets that can be easily converted into cash without significant loss of value.

Bond Liability

A financial obligation represented by a bond, which a company or government must repay to bondholders on a specific date along with interest payments.