Unearned rent,representing rent for the next six months' occupancy,would be reported on the landlord's balance sheet as a(n):

Name: Unearned rent,representing rent for the next six months' occupancy,would be reported on the landlord's balance sheet as a(n):
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Question

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Unearned rent represents rent that has been paid in advance for future occupancy, which means the landlord has an obligation to provide the service in the future. Therefore it is considered a liability on the balance sheet.

Unearned Rent,representing Rent for the Next Six Months' Occupancy,would Be