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Somerset Leasing received $12,000 for 24 months rent in advance. How should Somerset record this transaction? OB . Prepaid Rent 12000 Rent Expense 12000 Cash

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Somerset Leasing received $12,000 for 24 months rent in advance. How should Somerset record this transaction? OB . Prepaid Rent 12000 Rent Expense 12000 Cash 12000 Unearned Revenue 12000 Interest Expense 12000 Interest Payable 12000 Bad Debt Expense 12000 Allowance for uncollectible Accounts 12000 . OD. Which of the following is included in comprehensive income? A Investments by owners. OB. Unrealized gains on available-for-sale debt securities. Oo. Distributions to owners. D. Changes in accounting principles

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