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ABC company pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was increased from $90,000
ABC company pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was increased from $90,000 per year to $120,000 per year as from 1 October 20X2. What accrual rent should be included in the company financial statements for the year ended 31 January 20X3? A. 20,000 B. 22,500 C. 30,000 D. 10,000
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