On August 1, 2021, Maldita Company leased a building to Tupa Company with a lease term...
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On August 1, 2021, Maldita Company leased a building to Tupa Company with a lease term of 3 years. Monthly rentals for the 1st year are P150,000 and will increase by 2% per year. A refundable security bonus received by lessor from the lessee is P300,000. How much is the lease revenue on December 31, 2021? On August 1, 2021, Maldita Company leased a building to Tupa Company with a lease term of 3 years. Monthly rentals for the 1st year are P150,000 and will increase by 2% per year. A refundable security bonus received by lessor from the lessee is P300,000. How much is the lease revenue on December 31, 2021?
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date:
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