Under accrual basis, rental income of Hamilton company for the current year is P300,000. Additional information is as follows: Unearned rental income, January 1 25,000 Unearned rental income, December 31 37,500 Accrued rental income, January 1 15,000 Accrued rental income, December 31 20,000 How much cash was received from rental in the current year?

Under accrual basis, rental income of Hamilton company for the current year is P300,000. Additional information is as follows: Unearned rental income, January 1 25,000 Unearned rental income, December 31 37,500 Accrued rental income, January 1 15,000 Accrued rental income, December 31 20,000 How much cash was received from rental in the current year?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 18P

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