A company owns a number of properties which are rented to tenants. The following information is available for the year ended 30 June 2006: Rent Rent in advance in arrears $ $ 30 June 2005 134,600 4,800 30 June 2006 144,400 8,700 Cash received from tenants in the year ended 30 June 2006 was $834,600. All rent in arrears was subsequently received. What figure should appear in the company’s income statement for rent receivable in the year ended 30 June 2006? A $840,500 B $1,100,100 C $569,100 D $828,700 D |