Question

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
A. Assets will be decreased.
B. Liabilities will be increased.

D. This has no effect on the period-end balance sheet.

Answer 1

@soulkingdom

Answer 2

think A or B

Answer 3

@hippo4

Answer 4

@ab60093

Answer 5

Well I don't think it's B because a liability is something that you essentially owe, and because it's already been paid off it can't increase. And theoretically it could either be A or D. It could be A because since it was paid off earlier you don't have to decrease your assets later, or it could be D because it doesn't really matter if you pay off rent at the beginning or the end as ling as it gets paid. Sorry I can't be any more help than that. The answer is most likely A or D but I would personally put D... also, what happened to choice C?

Answer 6

amazing thank you ....... choice "\(\color{lime}C\)" is wrong this is a redo

Answer 7

Yw