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How Should Unearned Rent Revenue Be Classified on a Balance

Question 25

Multiple Choice

How should Unearned Rent Revenue be classified on a balance sheet at December 31,2013? The rental contract covers the period,January 1,2013 through December 31,2015.


A) current liability only
B) long-term liability only
C) current and long-term liability
D) current asset only

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