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Acme Paint Company Had a Beginning Balance in Its Prepaid

Question 61

Multiple Choice

Acme Paint company had a beginning balance in its prepaid advertising account of $1,000 and an ending balance of $750.During the year it spent $600 cash on advertising.How much advertising expense did Acme incur this year?


A) $850
B) $600
C) $1,600
D) $1,350

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