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UNI Coreceived $1,000 from Newbie as Rent for the Use of of a Building

Question 102

Multiple Choice

UNI Co.received $1,000 from Newbie as rent for the use of a building owned by UNI.How does this transaction affect UNI's accounts if UNI recognizes a liability?


A) Cash is increased and revenue is increased.
B) Cash is increased and revenue is decreased.
C) Cash is increased and unearned revenue is increased.
D) It is not recorded.

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