A company pays its rent quarterly in advance. A payment of $3,000 was made on 28 October 2020 for the period ending 31 January 2021. What accrual or prepayment should appear on the statement of financial position as at 31 December 2020? O$1,000 prepayment O$2,000 accrual O$1,000 accrual O$2,000 prepayment (2 points) Not Yet Answered Time remaining 412- ion 11 The following conclusions were reported on two engagements 1) "The insurance claim represents true and fair estimate of the amount of inventory lost in the warehouse fire 2) The cash flow forecast contains no assumptions that appears unreasonable" O1) Negative assurance 2) No assurance O1) Positive assurance 2) Negative assurance O1) Positive assurance 2) No assurance O1) Negative assurance 2) Negative assurance (2 points)