Rent of $35 300 has been paid during the lean $3300 has been paid in advance. What
Question:
Rent of $35 300 has been paid during the lean $3300 has been paid in advance. What is the amount of rent to appear in the income statement for the year?
A. $3300
B. $32 000
C. $35 300
D. $38 600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
The amount of rent to appear in the income stateme...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
What are differential costs and revenues and to calculate them?
-
The condensed single-step income statement for the year ended December 31, 2014, of Conti Chemical Company, a distributor of farm fertilizers and herbicides, follows. Selected accounts from Conti...
-
The consolidated income statement for the year December 31, 2012, and comparative balance sheets for 2011 and 2012 for Parks Company and its 90% owned subsidiary SCR, Inc. are asfollows: PARKS...
-
Steven Stores, Inc. provided the following statement of net income for the current year. All income is subject to a 40% income tax rate. The company also had $ 735 of unrealized holding gains on its...
-
Write the complete ionic equation for the reaction of BaCl2(aq) and Na2SO4(aq). You may have to consult the solubility rules.
-
Ayala Manufacturing Company has the following production data for selected months. Compute the physical units for eachmonth. Ending Work in Process Beginning Work in Process Units Transferred Out %...
-
What is the special concern over accounting for medical malpractice claims? How does accounting for such claims compare to accounting for contingencies in a for-profit business environment?...
-
Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin...
-
ABC Bank has an ROE of 5%. Its plowback ratio is 50%. What is the internal capital growth rate?
-
Cost-Cutting Proposals Chatman Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $530,000 is estimated to result in $205,000 in...
-
Bert does not keep complete records. He can, however, provide the balances of his assets and liabilities at 1 April 2015. Calculate the capital at 1 April 2015 by producing a statement of affairs. $...
-
Which one of the following items will appear on the income statement for the year ended 31 Mardi 2015? A. Bank balance B. Computers at cost C. Drawings D. Returns inwards
-
Polonia Company has owned 100 per cent of Cardwell Company since 20x0. The income statements of these two companies for the year ended December 31, 20x1 appear below. Also assume the following...
-
The English statistician Karl Pearson (1857-1936) introduced a formula for the skewness of a distribution. P = 3 ( x median ) s Pearson's index of skewness Most distributions have an index of...
-
You are to specify an orifice meter for measuring the flow rate of a $35^{\circ} \mathrm{API}$ distillate $(\mathrm{SG}=0.85$ ) flowing in a $2 \mathrm{in}$. sch 160 pipe at $70^{\circ} \mathrm{F}$....
-
Let $\theta$ and $\phi$ be the polar coordinates. Introduce the complex numbers $z$ and $\bar{z}$, where $$\begin{equation*} z=e^{i \phi} \tan (\theta / 2) \equiv \xi+i \eta \tag{5.393}...
-
Suppose the profit \(P\) (in dollars) of a certain item is given by \(P=1.25 x-850\), where \(x\) is the number of items sold. a. Graph this profit relationship. b. Interpret the value of \(P\) when...
-
(a) Draw a simplified ray diagram showing the three principal rays for an object located outside the focal length of a diverging lens. (b) Is the image real or virtual? (c) Is it upright or inverted?...
-
The probability that a randomly selected student in your class is celebrating a birthday today is 1/365.
-
Problem 2. (0.6 points, 0.2 points for each question) (a) A company turns its inventory 2 times a month. Its months-of-supply = Its days-of-supply = Please show your analysis below: _months. days. (1...
-
Explain the major differences among the four basic types of growth opportunities discussed in the text and cite examples for two of these types of opportunities.
-
Explain why a firm may want to pursue a market penetration opportunity before pu r suing one involving product development or diversification.
-
In your own words, explain several reasons why a marketing manager should co n sider international markets when evaluating possible opportunities.
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App