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The balance in the Prepaid Rent account before adjustment at the end of the year is $12,000 and represents three months rent starting on November 1.The adjusting entry required on December 31 is
TRIPS Agreement
An international legal agreement between all the member nations of the World Trade Organization, dealing primarily with the rules of intellectual property.
Intellectual Property Rights
Legal rights that grant creators protection and exclusive profit-making opportunities from their inventions, designs, and artistic works.
National Laws
Legislation enacted by a country's legislative body governing the behavior of individuals, entities, and government within its borders.
Software Application
A program or set of programs designed to carry out a specific task for the end-user.
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