QUESTION 21 If prepaid rent at the beginning of the year is $2,000 and you paid 18,000 for nine months' rent, the rent expense for the year is O A. 24.000 B. 18.000 OC 20.000 OD. 16,000 O E. 22.000 QUESTION 28 The final credit to retained earnings in the closing entry is: O A. the beginning retained earnings balance less the dividends O B. the net income for the year C. the total assets less the total liabilities O D. the total of all the expenses for the year O E. the net income for the year less dividends QUESTION 30 Inventory Turnover measures O A. how often the company can purchase more inventory. B. the success of a company in selling its Cost of Goods Sold. C. how well the company will be able to generate Cost of Goods Sold for the coming year. OD. how often a company is able to sell its inventory. E. how well a company uses its sales to buy inventory