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Olaf rents a new apartment for $700 per month on October 1, 2019. The landlord...

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Accounting

Olaf rents a new apartment for $700 per month on October 1, 2019. The landlord requires a $500 refundable deposit, and a $700 non-refundable deposit to be applied towards last month's rent. How much income should the landlord report for 2019?

Select one:

a. $2,800

b. $3,300

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