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How much should be reported as rent expense

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Question - As an inducement to enter a lease, Athena, a lessor, grants Zeus Corp., a lessee months of free rent under a one year operating lease. The lease is effective Feb 1, 2020 and provides for a monthly rental of P20.000 to begin May 1. 2020. In Zeus' income statement for the year ended June 30 2020, how much should be reported as rent expense?

Reference no: EM133170196

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