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M4-6 LO 4.3 Rent revenue collected 1 month in advance should be accounted for as: a revenue in the month collected b. a current liability

M4-6 LO 4.3 Rent revenue collected 1 month in advance should be accounted for as: a revenue in the month collected b. a current liability for deferred revenue c. a separate item in shareholders; equity d. an accrued liability

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