Unearned rent would normally appear on the balance sheet as a
A) plant asset.
B) current liability.
C) long-term liability.
D) current asset.

Name: Unearned rent would normally appear on the balance sheet as a A) plant asset. B) current liability. C) long-term liability. D) current asset.
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Question

Quizplus · Accepted Answer

Unearned rent represents an advance payment received from a customer for rent to be earned in the future. Therefore, it is a current liability that will be recognized as revenue in the future when the rent is earned.

Unearned Rent Would Normally Appear on the Balance Sheet as a