On December 1, 2014, XYZ Leased Office Space for Its

question 4

Multiple Choice

On December 1, 2014, XYZ leased office space for its own use for 10 years at a monthly rental of $15,000.On December 31, 2014, XYZ paid the lessor the following amounts: The entire amount of $146,000 was reported as rent expense in 2014 because it is an operating lease.What amount should XYZ have reported as expense for the year ended December 31, 2014?

• A)$30,800
• B)$15,000
• C)$15,800
• D)$96,000

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Definitions:

Exudate Absorbers

Medical dressings or materials used to absorb exude, which is fluid that leaks out from wounds or areas of inflammation.

Noncytotoxic Solution

A solution that is not harmful to cells; it does not damage or destroy cellular structures.

Contaminated

Something that has been made impure, polluted, or infected by contact or association with harmful substances or organisms.

Gauze

A thin, transparent fabric with a loose open weave, used in dressing wounds to absorb fluid and protect the wound from infection.