Finnish Motors has the following balance sheet accounts: Land$150,000 Equipment 90,000 Salaries Payable 12,000 Notes Payable 99,000 Supplies 10,000 Cash 25,000 Common Stock 40,000 Retained Earnings 100,000 Accounts Payable ? Prepaid Rent ? If the company has total liabilities and stockholders' equity of $290,000, what is the balance of the company's Prepaid Rent account?
A. $25,000.
B. $15,000.
C. $39,000.
D. $12,000.
Answer: B
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