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XVB" is a firm that has an operating".17 cycle of 36 months. On 1/5/2015, the...

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XVB" is a firm that has an operating".17 cycle of 36 months. On 1/5/2015, the firm "XVB" signed a contract for renting a building, and paid $10,000 rent 5 years in advance. This means that "XVB" will have the right to use the building rented on 1/5/2020. . When preparing the statement of financial position for "XVB" at the end of the accounting period 31/12/2015, the payment would show as (3 ) Current assets O Non-current assets O Short-term prepaid expense Rent expense O

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