The Balance in the Prepaid Rent Account Before Adjustment at the End

question 36

Multiple Choice

The balance in the prepaid rent account before adjustment at the end of the year is $12000 and represents three months rent paid on December 1.The adjustment required on December 31 is:

• A)increase Prepaid Rent $4000; decrease Rent Expense $4000.
• B)increase Prepaid Rent $8000; decrease Rent Expense $8000.
• C)increase Rent Expense $12000; decrease Prepaid Rent $12000.
• D)increase Rent Expense $4000; decrease Prepaid Rent $4000.

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Definitions:

Social Desirability

The tendency of respondents to answer questions in a manner that will be viewed favorably by others.

Experimental Result

The outcome obtained from conducting a scientific experiment, typically reflecting the impact of specific variables tested.

Confederate

In psychological research, a confederate is someone who pretends to be a participant but is actually working with the researchers, often used in studies to manipulate social situations.

Scientific Method

A systematic and logical approach to the discovery of new information, based on empirical evidence and characterized by observation, experimentation, and hypothesis testing.