The Unearned Rent Account Has a Balance of $36,000

question 86

Multiple Choice

The unearned rent account has a balance of $36,000. If $4,000 of the $36,000 is unearned at the end of the accounting period, the amount of the adjusting entry is

• A) $4,000
• B) $40,000
• C) $32,000
• D) $36,000

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Definitions:

Ethnocentrism

The tendency to believe that your culture or ethnicity is superior to everyone else’s.

Downward

Refers to communications or relationships that move from higher levels of hierarchy to lower levels within an organizational structure.

Communication Direction

The pathway communication follows within an organization, which can be upward, downward, or lateral.

Communication Direction

refers to the flow of communication, such as upward, downward, or horizontal, within an organization or group.