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Darina [25.2K]
2 years ago
15

Ben started a business on 1 January 2015 using rented premises. At 31 December 2015 Ben owed $1400 for rent. The rent charge to

the Income Statement for the year ended 31 December 2015 was $6000. How much was paid for rent during the year?
Business
1 answer:
Alina [70]2 years ago
7 0

Answer:

4600

Explanation:

Rent expense is 6000 but he still owed 1400 of that. So he paid 4600 (6000-1400)

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Answer:

The correct answer is option a.

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A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. The profit margin and total asset turnover ratio are 13.3% each. 1.5.

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