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What is the amount of rent expense shown on the current year

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Problem 1: Prepaid rent shows a beginning balance of $500 and an ending balance of $350. During the year, prepaid rent was debited for $1,700. What is the amount of rent expense shown on the current year's income statement?

A) $2,550

B) $1,550

C) $2,050

D) $1,850

Reference no: EM132832985

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