Income in the first year of the lease, Accounting Basics

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Income in the first year of the lease

Roger signed for a ten year lease to rent office space from Doug. In the first year, Roger paid Doug 5000 for the first year's rent and 5000 for the rent for the last year of the lease. How much must Doug include in income in the first year of the lease?

a. 0

b. 5000

c. 5500

d. 10000

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Accounting Basics: Income in the first year of the lease

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Accounting Basics: Income in the first year of the lease

Reference No:- TGS085587

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Income in the first year of the lease

Reference No:- TGS085587

Recent Questions Asked Accounting Basics

Q : Develop a detailed selection plan for the position

Q : Find average number of cars in the system

Q : Ability of a quality image

Q : Vibrational energy; bioenergetics and metabolism

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