1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
3 years ago
11

How would a payment for rent paid in advance be classified? Multiple Choice Claims exchange transaction Asset use transaction As

set source transaction Asset exchange transaction
Business
1 answer:
kvv77 [185]3 years ago
4 0

Answer:

Asset exchange transaction

Explanation:

Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.

Rent paid in advance is recorded as follows:

Dr Prepaid rent

    Cr Cash

As the months go by, the prepaid rent is credited and rent expenses is debited.

Dr Rent expense month 1

    Cr Prepaid rent month 1

You might be interested in
What made Americans so willing to engage in stock market speculation in the 1920s? People were in an optimistic mood, and they w
labwork [276]
I believe the answer is: Speculation helped many low-income people move to the middle class. 

Due to the early development of industrial economy in the 1920s, the stock market experienced a period where most of company's value keep increasing over several years forward. This make a lot of people manage to grow their investment very quickly and obtain a lot of wealth.
8 0
3 years ago
Read 2 more answers
Franco's Pizzeria sells slices of pizza for $2.00. According to the market demand schedule and assuming ceteris paribus, what ha
Furkat [3]
Due to the increase in the price of the pizza, it is conclusive that the demand will decrease. Assume that the amount he will earn will stay the same and it is the product of the number of pizza and the price, the choice that would satisfy this is the third choice. 
8 0
3 years ago
As people have become more healthminusconscious and decided to eat food that is better for them_________
vitfil [10]
As people have become more health-conscious and decided to eat food that is better for them the demand curve for oranges and apples has shifted to the right.
4 0
3 years ago
Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
murzikaleks [220]

Answer: $2.78

Explanation:

Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.

Average variable cost = Variable cost of producing 18 sneakers / 18

= 50 / 18

= 2.7778

= $2.78

7 0
3 years ago
Elka can remember the phone number she just looked up only by repeating it over and over. When she stops saying it out loud, she
Harrizon [31]

Answer:

maintenance; short-term

Explanation:

When she stops saying it out loud, she forgets it. Elka is using maintenance rehearsal to keep the information in short-term memory

Maintenance Rehearsal is the process of repeatedly verbalizing or thinking about a piece of information.

3 0
3 years ago
Other questions:
  • ​fresh harvest company, which is based on georgia, packages and sells vegetables. jack, who is a resident of north carolina, buy
    11·1 answer
  • If an investment firm underwrites a stock issue, the
    11·1 answer
  • 1. Define stake holder<br>2. Explain internal and external stakeholder.​
    15·2 answers
  • Mr. X finds it hard to dine with his american colleagues as his religion prohibits the consumption of pork and alcohol. He also
    14·1 answer
  • Which of the following types of investment
    7·1 answer
  • Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $
    14·1 answer
  • What effect do labor unions have on the unemployment rate? A. Labor unions can significantly increase the unemployment rate when
    12·1 answer
  • How does the business cycle affect consumers? check all that apply.
    15·1 answer
  • A stock has a beta of 1.3. The systematic risk of this stock is ____________ the stock market as a whole.
    7·1 answer
  • When companies join together to try to control prices or eliminate competition so that they exclusively benefit, it is called?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!