Having agreed on a monthly rent of £4,000 for business premises, three months’ rent was in arrears as at 1 January 2010, though £44,000 was paid as rent during the year to 31 December 2010. What will appear as rent accrued on the Statement of financial position as at 31 December 2010?

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a £8,000 b £12,000 c £16,000 C d £24,000