ACCA F3

1 A company receives rent from a large number of properties. The total received in the year ended 31 October 20X2 was $481,200. The following were the amounts of rent in advance and in arrears at 31 October 20X1 and 20X2: 31 October 20X1 31 October 20X2 $ $ Rent received in advance 28,700 31,200 Rent in arrears (all subsequently received) 21,200 18,400 What amount of rental income should appear in the company's statement of comprehensive income for the year ended 31 October 20X2?

• A.

  $486,500

• B.

  $460,900

• C.

  $501,500

• D.

  $475,900