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QUESTION
On December 31, the balance in the Prepaid Advertising account was $176,000. This is the remaining balance of a twelve-month advertising campaign...
13. On December 31, the balance in the Prepaid Advertising account was $176,000. This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?A. $286,000B. $176,000C. $264,000D. $154,000E. $22,000
