Rental receipts for the period July 1, 2015, through June 30, 2016, were collected on June 30, 2015. The effects of these economic events on the 2015 financial statements for unearned revenue and rent revenue are Unearned Revenue Rent Revenue I. Increase Increase II. Increase Decrease III. Decrease No effect IV. Decrease Increase
A) I
B) II
C) III
D) IV
A
You might also like to view...
Using ordinary interest, calculate the missing information for the simple discount note: Face Discount Date of Maturity Bank Value Rate Note Term Date Discount Proceeds $29,000 10.5% Sept. 2 90 days
What will be an ideal response?
Darren was offered a promotion in exchange for a date with his supervisor. He was upset as he had no interest in dating her, yet he agreed because he really wanted the promotion. This is an example of
A. whistleblowing. B. sugging. C. social loafing. D. quid pro quo harassment. E. performance reciprocity.
What are the three major sets of factors believed to affect ethical behavior in an organization?
What will be an ideal response?
An organization must identify what it wants to do and how it is going to do it. What does the "how" part of this question focus on?
A. Justification of the project. B. Definition of the project. C. Analysis of project risks. D. Expected results of the project.