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in detail please Harry received cash for rent totalling $627,200 in the year ended 31 December 2012. Figures for rent received in advance and in
in detail please
Harry received cash for rent totalling $627,200 in the year ended 31 December 2012. Figures for rent received in advance and in arrears at the beginning and end of the year were as follows: 31 Dec 2011 31 Dec 2012 Rent received in advance $82,300 $68,700 Rent in arrears $34,900 $36,100 What amount should appear in Harry's statement of profit or loss for rental income for the year ended 31 December 2012? $707,200 $547,200 $612,400 $642,000 Step by Step Solution
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