is rental revenue an asset or revenue?
is rental revenue an asset or revenue?
Homework Answers
1. Rental Revenue is Revenue .
2. Rental Revenue is also Known as Rental Income , which is Shown in the Income Statement .
3. Rent Receivable is the Asset which is shown in the balance sheets Assets Side.
4. Rental Revenue is the Revenue which is earned as per the Accrual Accounting and shown in the Income Statement as Revenue.
Lake City: Park Gazebo Revenues and CPI (1984-2012) Rental Revenue Rental Revenue Rental Revenue Year CPI...
Lake City: Park Gazebo Revenues and CPI (1984-2012) Rental Revenue Rental Revenue Rental Revenue Year CPI Year CPl Year CPI 1984 $13,36855 103.933 1994 $21,099.88 148.225 2004 $33,056.72 188.908 98 $14,564.45 10700 1995 $22,435.85 152 383 2005 $36,661.23 19267 1980 $15,487 57 109.692 1996 $23,575.86 156 858 2006 $39,770.85 201.558 987 $16,363.24 113617 1997 $24,924.04 160,525 2007 $41,430.22 207.344 1988 $17,16130 118.275 198 26,63609 163008 2008 4082303 215.254 1989 $18,000.50 123942 1999 $28.247.11 166583 2009 $37,668.88 214.567 990 18,379.25 130.658...
Rita's Rental Company records uncamed rent revenue on the income statement The rental company has incorrectly...
Rita's Rental Company records uncamed rent revenue on the income statement The rental company has incorrectly recorded a current on the come statement The rental company has incorrectly included a currentlasility on the income statement The rental company has incorrectly recorded alatility on the income statement The rental company has correctly accounted for rent revenue Question 14 2 pts Issuing common stock O reduces a company's liquidity. improves a company's liquidity has no effect on a company's solvency has no...
can a rental house be deducted under division 43 as depreciating asset in Australian tax law
can a rental house be deducted under division 43 as depreciating asset in Australian tax law
(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease...
(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (2) O O (Accounts Payable) O (Accounts Receivable) O (Cash) O (Common Stock) O (Rental Revenue) o (Office Furniture) O (Office Supplies) (Rent Expense) Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (5) O (4) O O (Common Stock) O (Rental Revenue) O (Accounts Payable) o (Office Furniture) O (Accounts Receivable) O Office Supplies) O (Cash) O (Rent...
1- Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and...
1- Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and other purchased input costs are $70,000. The owner/entrepreneur could earn $5,000 per month in another job, and the owner/entrepreneur could get a return of $5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit? 55. If an SUV purchased in 2018 costs...
Shown below are rental and leasing revenue figures for office machinery and equipment in the United...
Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a 7-year period according to the U.S. Census Bureau. Use this data and the regression tool in the data analysis tool pack to run a linear regression. Based on the formula you get from the regression output, answer the following questions: a) What is the forecast for the rental and leasing revenue for the year 2011? b) How confident are you in...
Trial balance Sales revenue 30000 Equipment rental revenue 840 Cost of sales 12375 Selling and administrative...
Trial balance Sales revenue 30000 Equipment rental revenue 840 Cost of sales 12375 Selling and administrative expenses 6540 Interest expense 1120 Gain on sale of old machinery 420 Unrealized gain on available for sale securities 312 Compute comprehensive income
When revenues are earned, Select one: a. the revenue is recorded by increasing an asset account...
When revenues are earned, Select one: a. the revenue is recorded by increasing an asset account and increasing a revenue account. b. the revenue is recorded by decreasing an asset account and increasing a revenue account. c. the revenue is recorded by increasing an asset account and decreasing a revenue account.
is revenue listed as a current asset on a balance sheet?
is revenue listed as a current asset on a balance sheet?
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses...
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses Depreciation expense-Equip ..... Salaries expense ....... Insurance expense ........ Rent expense ...... Supplies expense ............ Utilities expense ................ Cash ..... Accounts receivable ....... Supplies ......... Prepaid insurance .......... Equipment Less accumulated depreciation ........... Total assets .... Liabilities Accounts payable ........... Supplies payable .... ..... Uneamed consulting revenue .......... Total liabilities .... Equity Owner's Capital ........ $ 4,350 1,800 8,670 2,300 $ 26,000 375_25,625 $...
Lake City: Park Gazebo Revenues and CPI (1984-2012) Rental Revenue Rental Revenue Rental Revenue Year CPI Year CPl Year CPI 1984 $13,36855 103.933 1994 $21,099.88 148.225 2004 $33,056.72 188.908 98 $14,564.45 10700 1995 $22,435.85 152 383 2005 $36,661.23 19267 1980 $15,487 57 109.692 1996 $23,575.86 156 858 2006 $39,770.85 201.558 987 $16,363.24 113617 1997 $24,924.04 160,525 2007 $41,430.22 207.344 1988 $17,16130 118.275 198 26,63609 163008 2008 4082303 215.254 1989 $18,000.50 123942 1999 $28.247.11 166583 2009 $37,668.88 214.567 990 18,379.25 130.658...
Rita's Rental Company records uncamed rent revenue on the income statement The rental company has incorrectly recorded a current on the come statement The rental company has incorrectly included a currentlasility on the income statement The rental company has incorrectly recorded alatility on the income statement The rental company has correctly accounted for rent revenue Question 14 2 pts Issuing common stock O reduces a company's liquidity. improves a company's liquidity has no effect on a company's solvency has no...
(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (2) O O (Accounts Payable) O (Accounts Receivable) O (Cash) O (Common Stock) O (Rental Revenue) o (Office Furniture) O (Office Supplies) (Rent Expense) Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (5) O (4) O O (Common Stock) O (Rental Revenue) O (Accounts Payable) o (Office Furniture) O (Accounts Receivable) O Office Supplies) O (Cash) O (Rent...
1- Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and other purchased input costs are $70,000. The owner/entrepreneur could earn $5,000 per month in another job, and the owner/entrepreneur could get a return of $5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit? 55. If an SUV purchased in 2018 costs...
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses Depreciation expense-Equip ..... Salaries expense ....... Insurance expense ........ Rent expense ...... Supplies expense ............ Utilities expense ................ Cash ..... Accounts receivable ....... Supplies ......... Prepaid insurance .......... Equipment Less accumulated depreciation ........... Total assets .... Liabilities Accounts payable ........... Supplies payable .... ..... Uneamed consulting revenue .......... Total liabilities .... Equity Owner's Capital ........ $ 4,350 1,800 8,670 2,300 $ 26,000 375_25,625 $...
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