If an Adjusting Entry Includes a Debit to Rent Expense,that

question 110

Multiple Choice

If an adjusting entry includes a debit to Rent Expense,that would indicate that the payment of rent had been previously recorded as a(n) ________.

• A)prepaid expense
• B)depreciation expense
• C)accrued expense
• D)accrued revenue

---

Definitions:

Trade Deficit

The circumstance where a country's imports outpace its exports, causing a negative trade balance.

Trade Surpluses

Trade surpluses occur when a country's exports exceed its imports over a given period, indicating a net inflow of domestic currency from foreign markets.

Savings Rate

The proportion of income that is saved rather than spent on goods and services.

Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, leading to an outflow of domestic currency to foreign markets.