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Which of the following groups of accounts represents temporary accounts? Oa. Land, Rent Revenue, and Cash Ob. Equipment, Accounts Payable, and Income Tax Payable Oc. Depreciation, Unearned Revenue, and Prepaid Insurance Od. Dividends, Depreciation, and Supplies Expenses When a lease for an asset is signed for a long-term, Oa. a. an asset is recognized on the balance sheet and a rent expense is recorded in the income statement. Ob. no assets or liabilities are recognized on the balance sheet. Oc. a liability is recognized on the balance sheet and a rent expense is recorded on the income statement. Od. an asset and liability are recognized on the balance sheet. unprogres... A twenty-year lease obligation would appear on the balance sheet as Oa. long-term liability. Ob. long-term asset. Oc. current asset. Od. stockholders' equity