The Nathan's Company rents numerous properties throughout the year. Nathan's pays rents in advance in some cases, and in other cases rents are paid after the rental period expires. The following data are included in Nathan's December 31 balance sheets: During 2016, Nathan paid $200,000 in rentals. In its accrual basis income statement for the year ended December 31, 2016, Nathan should report rent expense of:

Question

The Nathan's Company rents numerous properties throughout the year. Nathan's pays rents in advance in some cases, and in other cases rents are paid after the rental period expires. The following data are included in Nathan's December 31 balance sheets:  During 2016, Nathan paid $200,000 in rentals. In its accrual basis income statement for the year ended December 31, 2016, Nathan should report rent expense of:

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The Answer of The Nathan's Company rents numerous properties throughout the year. Nathan's pays rents in advance in some cases, and in other cases rents are paid after the rental period expires. The following data are included in Nathan's December 31 balance sheets:  During 2016, Nathan paid $200,000 in rentals. In its accrual basis income statement for the year ended December 31, 2016, Nathan should report rent expense of:

The Nathan's Company Rents Numerous Properties Throughout the Year