At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
A. Assets will be decreased.
B. Liabilities will be increased.
C. Owner’s equity will be increased.
D. This has no effect on the period-end balance sheet.

The balance sheet ia simply known to be a financial statement that gives a full detail of company's assets, liabilities, and shareholder equity at a particular point in time.

It is known to give the background for computing rates of return for investors and helps to monitor or look into a company's capital structure.

Conclusively, the assets will reduce because of the rent that has to be subtracted from it.

Learn more from

https://brainly.com/question/12698354

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet? A. Assets will be decreased. B. Liabilities will be increased. C. Owner’s equity will be increased. D. This has no effect on the period-end balance sheet.

Respuesta :

Otras preguntas

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
A. Assets will be decreased.
B. Liabilities will be increased.
C. Owner’s equity will be increased.
D. This has no effect on the period-end balance sheet.