The Account Title Used for Recording the Prepayment of Rent

question 13

Multiple Choice

The account title used for recording the prepayment of rent for a building in the future is:

• A)prepaid rent.
• B)rent payable.
• C)rent revenue.
• D)rent expense.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified period.

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