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Prime Realty Paid $2,400 Rent on a Building in Advance

Question 33

Multiple Choice

Prime Realty paid $2,400 rent on a building in advance for two years on May 1.The amount that should be recorded as rent expense as of December 31 is:


A) $800.
B) $2,400.
C) $1,200.
D) $525.

Correct Answer:

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