A Company Using the Cash Basis of Accounting Pays for One

question 124

Multiple Choice

A company using the cash basis of accounting pays for one year of rent in advance.The entry to record this transaction will involve a debit to:

• A) Deferred Rent Revenue
• B) Rent Revenue
• C) Rent Expense
• D) Prepaid Rent

---

Definitions:

Powerlessness

The sense of having little or no control over events.

Social Class

Persons who share a common status in society. One’s class standing may be based on occupational prestige and income.

Workplace Satisfaction

A measure of how content an individual is with their job, including aspects such as the nature of work, environment, and remuneration.

Proportion Of Men

Refers to the ratio or percentage of males in a given population or group.