If the Opening Balance of Rent Accrued at the Beginning

question 31

Multiple Choice

If the opening balance of rent accrued at the beginning of the year was $1,000, rent expense for the year was $20,000 and the closing balance of rent accrued at the end of the year was $1,200, the amount paid in cash for rent during the year is:

• A)$22,200.
• B)$21,000.
• C)$20,200.
• D)$19,800.

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Definitions:

Stammering

A speech disorder characterized by involuntary repetitions and prolongations of sounds, syllables, or words.

Lisp

A speech impediment that affects the pronunciation of sibilants, causing them to be pronounced with a "th" sound.

Magical Thinking

The belief that one's thoughts, wishes, or desires can influence the physical world; common in children and certain psychiatric conditions.

All-Powerful

Having complete power and influence over others or situations; omnipotent.