A company pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was
increased from $90,000 per year to $120,000 per year as from 1 October 2002.
What rent expense and accrual should be included in the company’s financial statements for the year ended
31 January 2003?
Rent expense Accrual
$ $
A 100,000 20,000
B 100,000 10,000
C 97,500 10,000
D 97,500 20,000 B 8 months at 90,000 per year, 4 months at 120,000 per year; accrual 1 month | 
发表于 2008-5-16 09:55
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