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What should be the related rental expense recorded

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Reference no: EM133006296

Problem 1: Cash flow category. Cash paid to acquire a new truck.

Select one:

a. Operating

b. Financing

c. Investing

d. None of the above

Problem 2: Cash flow category. Cash paid for salaries.

Select one:

a. Operating

b. Investing

c. None of the above

d. Financing

Problem 3: Divine will rent a warehouse from JJ Realty from May 1, 2021 to April 30, 2023. On April 1, 2021, Divine paid P720,000. It included a cleaning fee of P20,000, two months' rent, and a rental deposit amoounting to three month's rent. What should be the related rental expense recorded on the income statement for the year ended March 31, 2022?

Select one:

a. 1,960,000

b. 1,680,000

c. 1,540,000

d. 1,584,000

Reference no: EM133006296

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