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Question 38 During the financial year ending 30 June 2020, Penny Ltd paid one year's rent of $12,000 in advance on 1 April 2020. The

Question 38 During the financial year ending 30 June 2020, Penny Ltd paid one year's rent of $12,000 in advance on 1 April 2020. The tax base for the rent received in advance is: O so O 59.000 O $3,000 O $12,000

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