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<p>A business compiling its financial statements for the year to 31 July each year pays rent quarterly in advance on<br/>1 January, 1 April, 1 July and 1 October each year. The annual rent was increased from $60,000 per year to<br/>$72,000 per year as from 1 October 2003.</p><p>What figure should appear for rent expense in the business income statement for the year ended 31 July 2004?<br/><br/>A $69,000<br/>B $62,000<br/>C $70,000<br/>D $63,000</p><p>C (2 x 5,000) + ( 10 x 6,000)</p> a a <p>A</p> C a c a a <p>show me answer</p> a a c 4 a xie 00 D Cc
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