On June 1, 2017, Starbucks paid the rent of $114,000 for 40 of its stores in Washington and California. The rent covers the period, June 1, 2017 through November 30, 2017. On June 1, Starbucks will record ________
On June 30, Starbucks will record ________.
A) Rent Expense of $114,000; nothing
B) nothing; Rent Expense of $114,000
C) nothing; Rent Expense of $19,000
D) Prepaid Rent of $114,000; Rent Expense of $19,000
D
Business
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The option for a firm to expand future production has value because:
A) the option requires no investment today. B) future production will be profitable. C) today's production costs are lower than in the future. D) the future holds uncertainty.
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Federal judges of the U.S. district courts are appointed for 14-year terms
Indicate whether the statement is true or false
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