Murphy Company sublet a portion of its warehouse for five years at an annual rental of $60,000, beginning on May 1, 2014. The tenant, Sheri Charter, paid one year's rent in advance, which Murphy recorded as a credit to Unearned Rent Revenue.
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Which of the following lists correctly orders assets from most liquid to least liquid? Savings deposits, paper currency, house, stocks Paper currency, savings deposits, stocks, house Stocks, house, paper currency, savings deposits Stocks, paper
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On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a building. Five years ago, the stockholder purchased the land for $40,000 and constructed the building at a cost of $90,000.
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