Question
Due to the expansion, Bennett constructed a new building and this was completed by the beginning of the summer of 2020. The old building has
Due to the expansion, Bennett constructed a new building and this was completed by the beginning of the summer of 2020. The old building has been declared a heritage site that cannot be torn down. This old building has been converted into 2 stores, which were rented out to two separate tenants with a two-year lease. Lease payments are a small fee of $ 100 a month plus 10% of revenues. Once Bennett has enough cash, the company wants to convert the building into a show room.
what is the accounting issue in this paragraph? this is a case analysis assignment.
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