Wildhorse Co. received a check for $25920 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $32400. Financial statements will be prepared on July 31. Wildhorse's should make the following adjusting entry on July 31:a. debit Unearned Rent Revenue, $25920; credit Rent Revenue, $25920. b. debit Unearned Rent Revenue, $4320; credit Rent Revenue, $4320.c. debit Cash, $25920; credit Rent Revenue, $25920.d. debit Rent Revenue, $4320; credit Unearned Rent Revenue, $4320.

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000

Buying insurance and investing for the future requires spending less in the present. why is this a hard choice for many people