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A company pays its rent quarterly in advance. A payment of 3M $ was made on 28 October 2021 for the period ending 31 January

A company pays its rent quarterly in advance. A payment of 3M $ was made on 28 October 2021 for the period ending 31 January 2022. What accrual or prepayment should appear on the statement of financial position as at December 31, 2021?

a. 1M $ accrual b. 2M $accrual c. 2 M $prepayment d. 1M $prepayment

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