When cash is debited for rents that are collected but are not yet earned, the amount credited

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When cash is debited for rents that are collected but are not yet earned, the amount credited should be A. recognized as revenue when collected
B. presented as a liability until earned
C. recorded as an asset until earned
D. presented as a separate item in stockholders' equity
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Fundamentals of Advanced Accounting

ISBN: 978-0077862237

6th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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