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5. A landlord received $20,000 cash for December 2020's rent but the tenant's rent for December 2020 is $15,000. Which of the following is true
5. A landlord received $20,000 cash for December 2020's rent but the tenant's rent for December 2020 is $15,000. Which of the following is true for the year ended 2020? A) $15,000 would appear on the income statement as rent revenue earned B) $20,000 would appear on the balance sheet as deferred revenue C) $5,000 would appear on the balance sheet as Prepaid Rent D) A and B are true. E) A and C are true
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