The Owner of an Office Building Should Report Rent Collected

question 156

Multiple Choice

The owner of an office building should report rent collected in advance as a debit to Cash and a credit to:

• A) A liability.
• B) An asset other than Cash.
• C) A revenue.
• D) An owners' equity.

---

Definitions:

Joshua Trees

A type of yucca plant native to the southwestern United States, characterized by its unique, spiky appearance and adapted to desert climates.

Endogenous Retroviruses

Viral sequences that have integrated into the genome of a host organism and can be inherited across generations.

Reverse Transcriptase

An enzyme used by certain viruses to transcribe their RNA into DNA, enabling them to integrate into the host genome.

Flow of Energy

Describes the transfer of energy through a food chain or ecosystem, from producers through consumers and finally to decomposers.