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Unearned Rent Revenue is: (Choose all of the correct answers.) A contra-revenue account Generally reported as a liability Is not required to be used under

Unearned Rent Revenue is:

(Choose all of the correct answers.)

A contra-revenue account

Generally reported as a liability

Is not required to be used under the accrual method of accounting

Credited when rent is received in advance

Debited when previously received rent from a tenant has now been earned

PS: I think the answer should be B and D, but I am not sure.

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