Use the same information as in (8). What amount of deferred lease revenue will Reynolds report on
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Use the same information as in (8). What amount of deferred lease revenue will Reynolds report on its statement of net position as of December 31, 2020, assuming that the county recognizes revenue on straight-line method?
a. Zero
b. $487,419
c. $500,000
d. $511,790
Data from problem 8
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