Rent Expense in Burr Company's Income Statement Is $480,000

question 89

Multiple Choice

Rent expense in Burr Company's income statement is $480,000.If Prepaid Rent was $120,000 on January 1 and is $95,000 on December 31,the cash paid for rent during the year is:

• A)$480,000.
• B)$455,000.
• C)$360,000.
• D)$575,000.

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