Multiple Choice
If the opening balance of rent accrued at the beginning of the year was $1,000, rent expense for the year was $20,000 and the closing balance of rent accrued at the end of the year was $1,200, the amount paid in cash for rent during the year is:
A) $22,200.
B) $21,000.
C) $20,200.
D) $19,800.
Correct Answer:
Verified
Correct Answer:
Verified
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