On October 1, 2021 Adam Realty collected P28,000 from a tenant representing an advance collection from building rentals for one year. The accounting period ends on December 31, 2021. The amount of Rent Income for December 31, 2021 is? O 21,000 O 7,000 O 28,000

On October 1, 2021 Adam Realty collected P28,000 from a tenant representing an advance collection from building rentals for one year. The accounting period ends on December 31, 2021. The amount of Rent Income for December 31, 2021 is? O 21,000 O 7,000 O 28,000

Name: On October 1, 2021 Adam Realtycollected P28,000 from a tenantrepresen
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Description: On October 1, 2021 Adam Realtycollected P28,000 from a tenantrepresenting an advance collectionfrom building rentals for one year. Theaccounting period ends on December31, 2021. The amount of Rent Incomefor December 31, 2021 is?O 21,000O 7,000O 28,0

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 55P

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