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:

Nonreciprocity

A situation where there is an unequal exchange or one party does not respond in kind to the actions of another.

Identity Diffusion

A stage in the development of self-identity in which an individual has not yet undergone a crisis or made any commitments.

Similarity

A cognitive principle stating that objects are grouped together according to their similarity.

Attractiveness

The quality of being appealing or desirable, often influenced by physical appearance, personality traits, and other factors.