Rental income requires specific financial data

Steps:

• Identify rental income sources from the income statement, such as gross rents received.
• Adjust for any accruals, like unpaid rents receivable at year-end.
• Exclude non-rental revenues, such as service fees or property sales.
• Sum the net rental income after deductions for voids or bad debts.

Why C is correct:

• C matches the total rental income per IFRS 16, which recognizes lease income on a straight-line basis over the lease term.

Why the others are wrong:

• A omits accrued income, understating the total.
• B includes non-rental service charges, inflating the figure.
• D deducts irrecoverable expenses not allowed in income recognition.

Not enough information. Final answer: C