chapter 16 Flashcards. Savings accounts and a home are examples of. assets ; A payment for rent represents. liability ; Retirement planning is usually considered a short-term goal. Initial D Hoodie, represents a debt owed for renting a building currently. a .. About featured snippets•FeedbackQuestions & answersQuizletQuestionA payment for rent representsAnswer · 0 votesliabilityMoreQuizletQuestionA payment for rent representsAnswer · 0 votesa cash outflowMoreStudy.comQuestion____ represents a debt owed for renting a building currently. a. Prepaid rent b. Rent payable c.Answer · 0 votesThe correct answer is option b. Rent payable.• Option a. is incorrect. A prepaid rent exists when a lessee paid in advance to the lessor the occupancy fee. It is considered an asset on the part of the lessor because the rent has not been used up yet.• Option b. is the correct answer. Rent payable is a liability account on the part of the lessee to the lessor. It represents the payable occupancy fee for renting the building. The expense is already incurred by payment has not been made yet.• Option c. is incorrect. A rent revenue refers to the earnings earned by the lessee from renting its building to a lessor. Revenue is earned at the moment the rent is used up by the lessor regardless of when rent is collected.• Option d. is incorrect. A rent expense is the cost of occupying the building. It is usually recognized at the time by the lessor at the time it is incurred regardless of when the rent is paid.MoreCheggQuestionPayment of office rent represents a decrease ina. a liability account.b. expenses.c. cash.d. a revenue account.Answer · 1 voteThe correct option is C.Rent accountMoreStack ExchangeQuestionI looked for the dictionary and it seems both of words, 'rent' and 'rental' can mean the property or payment:Rental from Meriman-Webster:1: an amount paid or collected as rent2: something that is rentedRent from Meriam-Webster:1: property (such as a house) rented or for rent2a: a usually fixed periodical return made by a tenant or occupant ofproperty to the owner for the possession and use thereof especially :an agreed sum paid at fixed intervals by a tenant to the landlordb: the amount paid by a hirer of personal property to the owner forthe use thereofBut it seems there are some preferred usages of both words. For example, I found this article. In the article, it says 'rent' is payment and 'the rental' is property.What is a more idiomatic way to say in the following sentences using two words? (assuming we are looking for a place to stay for a while.)• I need to find new _________• For the room, I need to pay monthly _________Answer · 4 votesYou are correct that "rent" normally refers to the payment and "rental" to the space that is rented.• I need to find a new rental / rental unit / apartment to rent / place to rent / place to live.• The (monthly) rent for the room is $300.A dialogue example:"I need to find a new place to rent. How much is the rent for your room/apartment?""$300 per month. That's pretty common for a rental in this part of town."More Feedback Inosuke Hoodie, Personal Finance Chapter 16. A payment for rent represents a. a cash inflow b. a cash outflow c. a liability d. an asset 16-2 Key Terms: Fixed expenses – Variable expenses – Allowance . Jason Voorhees Hoodie, Chapter 16 Money Management and Financial Planning. A payment for rent represents. A budget helps you: Live within your income. Make wise buying decisions. Avoid credit problems. Rating: 5 · ‎1 reviewPeople also askYou will see more English now.What is a common source of retirement income?Is retirement planning usually considered a short term goal?What income is the result of earnings from dividends interest and rent?What is the difference between your assets and liabilities called your cash flow?Feedback Jennifer's Body Hoodie, chapter 6 calculating rent and hap payments - HUD. PDFThe gross rent represents the entire housing cost. It is calculated by adding the rent to the owner and the utility allowance for the unit.11 pages Kazuha Hoodie, Payment Of Office Rent Represents A Decrease In. Jul 6, 2023 — Question: A T account has three parts: the title, the debit side, and the credit side. Kevin Gates Hoodie, Economic Rent: Definition, Types, How It Works, and .. 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Apr 28, 2023 — It represents the difference in timing between paying rent and the actual cash payment of rent. In a traditional straight-line application, . Stussy Converse On Feet, Accrued Rent Accounting under ASC 842 Explained. Jul 11, 2022 — Accrued rent is a liability that represents the obligation incurred for the use of an asset owned by a third party. Companies can be charged . Leopard Hoodie, Key financial terms. Each account represents a type of transaction such as asset, liability, . You then rent it and pay the balance off in instalments plus interest charges. Lil Uzi Hoodie, Financial Terms Glossary. A type of 529 plan that allows families to pay tuition ahead of time for . rent a house or apartment to you; or provide you with cable TV, Internet, . Marvin The Martian Hoodie, Nevada Revised Statutes § 118.165 (2022) - Disclosure of .. 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