7. "XVB" is a firm that has an operating cycle of 7 months. On 1/5/2015, the firm "XVB" signed a contract for renting a building, and paid $10,000 rent in advance. This means that "XVB" will have the right to use the building rented on 1/4/2016. 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 points) Rent expense Short-term prepaid expense O Long-term prepaid expense Current assets