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When Cash Is Debited for Rents That Are Collected but Are

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Question 53
Multiple Choice
arrowQuestion 53arrow
Multiple Choice

When cash is debited for rents that are collected but are not yet earned, the amount credited should be


A) recognized as revenue when collected.
B) presented as a liability until earned.
C) recorded as an asset until earned.
D) presented as a separate item in shareholders' equity.

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