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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. $286,000

B. $176,000

C. $264,000

D. $154,000

E. $22,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9447014

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