The prepaid rent is P12,000 good for three months starting November 31, 2013 The Balance Sheet date is December 31, 2013. The prepayment was recorded under asset method. The correct rent expense for the given period would be a. 4,000 b. 8,000 c 12,000 None

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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65. The prepaid rent is P12,000 good for three months starting November 31, 2013. The Balance Sheet date
is December 31, 2013. The prepayment was recorded under asset method. The correct rent expense for
the given period would be
4,000
b. 8,000
C 12,000
None
Transcribed Image Text:65. The prepaid rent is P12,000 good for three months starting November 31, 2013. The Balance Sheet date is December 31, 2013. The prepayment was recorded under asset method. The correct rent expense for the given period would be 4,000 b. 8,000 C 12,000 None
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