If a Business Pays Rent in Advance and Increases the Prepaid

question 101

Multiple Choice

If a business pays rent in advance and increases the Prepaid Rent account the company receiving the rent payment will increase:

• A)rent expense.
• B)prepaid rent.
• C)unearned rent revenue.
• D)accrued rent revenue.

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Definitions:

Median

In an arranged sequence of values, the median is the number situated in the middle, thus separating the collection of numbers into two segments.

StdDev

Short for Standard Deviation, it measures the amount of variance or dispersion in a set of values.

Median

A value that divides a dataset into two equal halves, representing the middle value when the data set is ordered.

StdDev

A measurement that quantifies the amount of variation or dispersion in a set of data values, same as Standard Deviation.