Business, 11.03.2022 02:40, rbrummitt8029

A landlord collected $5,300 cash from a tenant for December 2015's rent but the tenant's rent for December is $8,600. Which of the following is true with respect to the landlord's financial statements? i. $8,600 would appear on the balance sheet as rent receivable.
ii. $8,600 would appear on the income statement as rent revenue earned.
iii. $8,600 would be reported on the statement of cash flows.
iv. $5,300 would appear on the balance sheet as prepaid rent.

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A landlord collected $5,300 cash from a tenant for December 2015's rent but the tenant's rent for De...