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djverab [1.8K]
3 years ago
5

​________ represents a debt owed for renting a building.A.Rent PayableB.Rent ExpenseC.Rent RevenueD.Prepaid Rent

Business
1 answer:
krek1111 [17]3 years ago
6 0

Answer:

A. Rent Payable

Explanation:

Rent Payable refers to an expense which is certain and is to be paid in future. It represents a debt in the sense that it is an obligation which is required to be met in the near future.

The journal entry for rent payable is recorded as follows,

Rent A/C                                                       Dr.

     To Rent Payable A/C

(Being rent payable recorded)

Rent Payable A/C is a liability while rent is an expense. Expenses are debited and liabilities are credited so as to recognize them.

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Explanation:

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Nice Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selli
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Answer:

Therefore, the change in total contribution margin is equal to change in net operating income, so there is no change in fixed expenses  and will not be affected.

Explanation:

The computation as per given question is given below:-

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= $288,000

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Therefore, the change in total contribution margin is equal to change in net operating income, so there is no change in fixed expenses  and will not be affected.

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3 years ago
If Treasury bills are currently paying 5.2 percent and the inflation rate is 2.7 percent, what is the approximate real rate of i
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2 years ago
If you cannot identify the author of a document on the web, you should try to determine the sponsoring organization for the docu
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Does a rising GDP benefit everyone? Explain
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