The Financial Statement on Which Unearned Rent Would Appear Is

question 10

Multiple Choice

The financial statement on which Unearned Rent would appear is

• A) the income statement.
• B) the balance sheet.
• C) the owner's equity statement.
• D) Unearned Rent is not reported until earned.

---

Definitions:

Date of Declaration

The specific date on which a company's board of directors announces its intention to pay a dividend to shareholders.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid in a given year, and must be paid out before common stock dividends.

Par Common Stock

The nominal or face value assigned to common stock by the issuing company.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid in a given period and must be paid out before common dividends can be distributed.