Accounting Policies and Procedures Manual
Which of the following is not an example of operating expenses? a. Property taxes. b. Maintenance fees. c. Income taxes. d. All of the above are examples of operating expenses. 2. A property has a potential gross rent of $1,500,000; operating expenses of $765,750; a vacancy allowance of $45,000, and other income of $9,000. What is its effective gross income? a. $1,455,000. b. $1,464,000. c ... ................
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