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XVB is a firm that has an operating.16 cycle of 36 months, On 1/5/2015, the firm XVB signed a contract for renting a building, and

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XVB" is a firm that has an operating".16 cycle of 36 months, On 1/5/2015, the firm "XVB" signed a contract for renting a building, and paid $10,000 rent 5 years in advance. This means that "XVB" will have the right to use the building rented on 1/5/2020., When preparing the statement of financial position for "XVB" at the end of the accounting period 31/12/2015, the payment would show as (3 ) Short-term prepaid expense Current assets O Rent expense Non-current assets

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