Reference no: EM133190199
Question - MMM Incorporated reported rent income of 880,000 under cash basis. The following accounts were however determined:
Accrued rent income, beginning 120,000
Accrued rent income, ending 190,000
Accrued rent expense, beginning 144,000
Accrued rent expense, ending 139,000
Deferred rent income, beginning 238,000
Deferred rent income, ending 136,000
Required - Determine the rent income under accrual basis?
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