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How much advertising expense should red rose law firm record

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Reference no: EM132463550

The Red Roses Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $8000 for four months of advertising

Question 1: How much advertising expense should Red Roses Law Firm record for the two months ending February 28 under the:

a. cash basis?

b. accrual basis?

Reference no: EM132463550

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