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As on 31st December 2021, XYZ Company reported a balance of $20,000 as prepaid rent. While examining the details it is found that, the prepaid

As on 31st December 2021, XYZ Company reported a balance of $20,000 as prepaid rent. While examining the details it is found that, the prepaid rent includes the advance paid for two years, ie., 2022 and 2023 to the real estate company. In a classified balance, the prepaid rent will appear

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