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Question - The Santa Fe High School had an actual expense of $100,000 for textbooks for fall 2020. Their budget had expected to have an enrollment of 340 students who would each have needed 7 books at a cost of $50 each book. What is their textbook expense variance?
A. 15,500 F
B. 15,500 U
C. 19,000 F
D. 19,000 U
Mid-South Urologists Group considers it unlikely that the lease will be renewed. Prepare appropriate entries for Mid-South Urologists Group and Physicians' Leasing from the commencement of the lease through the second lease payment on April 1, 2013.
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