Mercury Company Rents Out a Portion of Its Office Space

question 68

Multiple Choice

Mercury Company rents out a portion of its office space to another company.At the beginning of the year,the balance in the Unearned Rent Revenue account was $3,400.During the year,Mercury recognized $16,600 of rent revenue.If the ending balance of Unearned Rent Revenue is $2,600,how much cash was received from the tenant for rent during the year?

• A)$14,000
• B)$16,600
• C)$17,400
• D)$15,800

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Definitions:

Free Association

A psychoanalytic process in which a patient says whatever comes to mind without censorship, used to explore the unconscious.

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing, often resulting in the abrupt resolution of a problem.

Resistance

The act of opposing or fighting against something, which can be physical, psychological, or symbolic in nature.

Psychoanalytic Interpretation

An approach in psychology that seeks to understand the underlying psychological meanings and motivations behind behaviors and thoughts.