The Nathan's company rents numerous properties throughout the year. Nathan's pays rent in advance in some cases, and in other cases rents are paid after the rental period expires. the following data are included in Nathan's December 31st balance sheets
2015. 2016
prepaid rents. 70000. 30000
rents payable. 50000. 35000
during 2016 nathan paid 200000 in rentals in its accrual basis income statement for the year ended dec 31 2016 nathan should report rent expense of
a. 225000
b. 200000
c. 145000
d. 175000
Answers: 2
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The Nathan's company rents numerous properties throughout the year. Nathan's pays rent in advance in...
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