Question
1/1/X0 Unearned rent revenue = $4,500; 12/31/X0 Unearned rent revenue = $4,000; 1/1/X0 Prepaid rent = $3,200; 12/31/X0 Prepaid rent = $3,000; 1/1/X0 Rent payable
1/1/X0 Unearned rent revenue = $4,500; 12/31/X0 Unearned rent revenue = $4,000; 1/1/X0 Prepaid rent = $3,200; 12/31/X0 Prepaid rent = $3,000; 1/1/X0 Rent payable = $2,200; 12/31/X0 Rent payable = $1,900; Cash paid for rent during X0 = $10,000. What is the accrual basis rent expense for X0?
A. $9,400 B. $9,500 C. $9,900 D. $10,400 E. $10,500
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Finance For Nonfinancial Managers Beginners Handbook For Finance
Authors: Murugesan Ramaswamy
1st Edition
1516973801, 978-1516973804
