Question: 28-29 Help me to answer this in 1 and a half - 2 hours please give me a correct answer 2 points 28. On July

2 points 28. On July 01, 2011, a company leased a piece of land under a 3-year lease. Total rent for the term of the lease will be P3,600,000 payable as follows. All payments were made when due. How much is the lessor's rent revenue for the fiscal year ended June 30, 2012 suppose it classifies the lease as an operating lease?* 12 months at P50,000 P600,000 12 moths at P75,000 P900,000 12 months at P175,000 P2,100,000 O a. P600,000 O b. P900,000 O c.P1,200,000 O d. P2,100,000 29. Use the same information in MC 28. An amount reported in the lessor's 2 points statement of financial position at June 30, 2013 would include * O a. P900,000 Unearned Rent O b. P900,000 Rent Receivable O c. P1,500,000 Unearned Rent O d. P1,500,000 Rent Receivable
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