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Starting from 1 March 2021, the company Flowers rents office space in the city center of Hasselt. The rental fee is 24,000, and it is
Starting from 1 March 2021, the company Flowers rents office space in the city center of Hasselt. The rental fee is 24,000, and it is fully payable upfront. The accountant of Flowers forgot to apply the accrual accounting convention for this item when preparing the income statement for 2021. The accountant needs your help. What consequence does this have for the profit of the year 2021
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