Which of the following is a deferred liability?
A) Unearned Rent
B) Accounts Payable
C) Sales Revenue
D) Prepaid Rent
E) Wages Payable

Name: Which of the following is a deferred liability? A) Unearned Rent B) Accounts Payable C) Sales Revenue D) Prepaid Rent E) Wages Payable
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Question

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Unearned Rent is a deferred liability because it represents income received before the services have been performed or goods have been delivered. It is an obligation to provide services or deliver goods in the future.

Which of the Following Is a Deferred Liability