Question
Beta pays rent for numerous offices located throughout the city each year. Beta pays rent in advance for some offices, and for others, rent is
Beta pays rent for numerous offices located throughout the city each year. Beta pays rent in advance for some offices, and for others, rent is paid when due. And sometimes rent isn't paid until after it is due (but it is expensed and a payable is recorded at the time it is due). During 2022, Rent Payable increased $11,000 and Prepaid Rent decreased $8,000. Also during 2022, Alpha paid total cash of $60,000 for rent. In its income statement for the year ended December 31, 2022, how much rent expense should Alpha report on an accrual basis?
Group of answer choices
The correct answer is not listed.
$79,000
$63,000
$41,000
$57,000
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