Recording the Collection of Three Months of Advance Rent from a Client

question 86

Multiple Choice

Recording the collection of three months of advance rent from a client in an unearned account would be an example of a(n) :

• A)deferred expense.
• B)deferred revenue.
• C)accrued expense.
• D)accrued revenue.

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Definitions:

Post-traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a severely traumatic event, characterized by flashbacks, nightmares, and severe anxiety.

Flashback Episodes

Episodes where an individual vividly re-experiences past events, often associated with trauma.

Terrify

To cause someone to experience extreme fear.

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, significantly affecting daily life.