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Scenario: You decided to open your Accounting firm in Sen. Benigno Aquino Avenue beside Riverside Hospital. The requirement to secure the office space is to

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Scenario: You decided to open your Accounting firm in Sen. Benigno Aquino Avenue beside Riverside Hospital. The requirement to secure the office space is to pay three months advance rent in the amount of P30,000. The rent will commence in January, 2021. Requirement: 1. What portion of advance rent will expire at the end of January, 2021? 2. What amount will be left in advance rent

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