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As an inducement to enter a lease, a lessor granted a lessee nine months of free rent under a 5-year operating lease. The lease

As an inducement to enter a lease, a lessor granted a lessee nine months of free rent under a 5-year operating lease. The lease is effective on April 1, 2022 and provided for monthly rental of P200,000 to begin on January 1, 2023. 24. What amount should be reported as rent receivable on December 31, 2022? 25. What amount should be reported as rent income for 2023?

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