On december 1, 2018, shamrock company received $5,700 from destiny, inc. for rent of an office owned by shamrock company. the payment covers the period from december 1, 2018 through february 28, 2019. shamrock company recorded this as deferred rent revenue when it was received on december 1. the adjusting entry on december 31 would include a:

Bathlinks corporation has a debt to assets ratio of 73%. this tells the user of bathlinks’s financial statements that a. bathlinks is getting a 27% return on its assets. b. there is a risk that bathlinks cannot pay its debts as they come due. c. 73% of the assets are financed by the stockholders. d. based on this measure, the user should not invest in bathlinks.