Which of the Following Records the Payment of the Current

question 56

Multiple Choice

Which of the following records the payment of the current month's rent bill for a business?

• A)debit to cash and a credit to rent expense
• B)debit to rent expense and a credit to cash
• C)debit to rent expense and a credit to accounts payable
• D)debit to accounts payable and a credit to cash

Grasp the law of diminishing returns and its implications for production.

Differentiate between short-run and long-run adjustments in firm behavior.

Appreciate the significance of fixed and variable resources in production economics.

Understand the historical significance of Supreme Court rulings and their impact on labor laws and individual freedoms.