The Good Field Size Property Value for a State Field

question 38

Multiple Choice

The good Field Size property value for a State field is ____.

• A)2
• B)10
• C)50
• D)255

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Definitions:

Unearned Rent

Unearned Rent is a liability representing rent payments received in advance for which the services have yet to be rendered or the occupancy period has not yet occurred.

Rental Income

Revenue received from leasing property or other assets to tenants.

Advance

A payment made before it is due or for goods and services yet to be received.

Income Summary

An account to which all revenue and expense accounts are transferred at the end of an accounting period to summarize the results of operations for that period.