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How much is the rent income reported

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Question - A Company grants B Company first three months rent-free under a three-year operating lease. The lease is effective April 1, 2021 and provides for a monthly rental of P12,000, payment of which will begin on July 1, 2021. How much is the rent income reported in A Company's profit or loss for the year ended December 31, 2021?

A. 132,000 C. 108,000

B. 99,000 D. 72,000

Reference no: EM133053075

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