LLane Received $12,000 from a Tenant on December 1 for Four

question 75

Multiple Choice

L.Lane received $12,000 from a tenant on December 1 for four months' rent of an office.This rent was for December,January,February,and March.If Lane debited Cash and credited Unearned Rental Income for $12,000 on December 1,what necessary adjustment would be made on December 31?

• A) Unearned Rental Income .............3,000
• Rental Income ....................3,000
• B) Rental Income ......................3,000
• Unearned Rental Income ...........3,000
• C) Unearned Rental Income .............9,000
• Rental Income ....................9,000
• D) Rental Income ......................9,000
• Unearned Rental Income ...........9,000

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Definitions:

Friends

Individuals with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Acculturative Stress

The psychological impact of adaptation to a new culture, including stress from navigating multiple cultural contexts.

Majority Culture

pertains to the cultural practices, values, and norms that are widely accepted and practiced by the dominant group in a society.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.