On October 1,Year 1,Jason Company Paid $7,200 to Lease Office

Multiple Choice

On October 1,Year 1,Jason Company paid $7,200 to lease office space for one year beginning immediately.What is the amount of rent expense that will be reported on the Year 1 income statement and what is the cash outflow for rent that would be reported on the Year 1 statement of cash flows?

A) $7,200;$7,200
B) $1,800;$1,800
C) $1,800;$7,200
D) $1,200;$7,200