________ represents a debt owed for renting a building currently.
A)Prepaid rent
B)Rent payable
C)Rent revenue
D)Rent expense

Question

Quizplus · Accepted Answer

Rent payable represents the debt owed for renting a building currently. Prepaid rent represents rent paid in advance, while rent revenue represents the income received from renting out a building. Rent expense represents the cost incurred for renting a building, but not necessarily the debt owed for it.

________ Represents a Debt Owed for Renting a Building Currently