Question
Compute cash paid for advertising: Advertising expense $62,000 Prepaid advertising, beginning of year 11,000 Prepaid advertising, end of year 15,000
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Answer to a math question Compute cash paid for advertising: Advertising expense $62,000 Prepaid advertising, beginning of year 11,000 Prepaid advertising, end of year 15,000
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4.696 Answers
Cash Paid for Advertising =
Advertising Expense + Prepaid Advertising, the beginning of year - Prepaid Advertising, end of year
Substitute the given values into the formula:
Cash Paid for Advertising = $ 62,000+$11,000−$15,000 = $58,000
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