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Question 10 3 pts On September 26, 2019. Basin Corp paid $42,000 for one year's rent on its headquarters building, starting on October 1, 2019.
Question 10 3 pts On September 26, 2019. Basin Corp paid $42,000 for one year's rent on its headquarters building, starting on October 1, 2019. Basin records adjusting journal entries annually on its year-end date. On its 12/31/2019 (year-end) financial statements. Bain Corp should report and Prepaid Rent of 542.000 on the Balance Sheet Prepaid Root of $31.800 on the Balance Sheet Prepaid Rent of 50 on the Balance Sheet and Root Expense of 10 on the income statement Rent Expense of $10.000 on the income fitatement Rent Expense of $42.000 on the Income Statement Prepaid Rent of 535.000 on the income Statement and Rent Expense of $7,000 on the Balance Sheet and D Question 11 3 pts Financing cash flows in the statement of cash flows would not include which of the following Cash received from the Issuance of new shares of stock by the Company Payment of Dividends to Stockholders. Repayment of the principal balance of a note payable Cash outflows for purchase of equipment D Question 12 3 pts The account category that represents amounts owed by a company to a bank from whom it has secured a long-term loan is most likely? O Asset Expense Revenue Liability
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