Altrice incurs circulation expenditures of $90,000 in 2010.No additional circulation expenditures are incurred in 2011 or 2012.The cumulative adjustment for circulation expenditures for 2010,2011,and 2012 is $0.

Question

Quizplus · Accepted Answer

Since no additional circulation expenditures were incurred in 2011 or 2012, and the cumulative adjustment for circulation expenditures for 2010, 2011, and 2012 is $0, it means that the expenditure incurred in 2010 was correctly accounted for and no further adjustments were needed.

Altrice Incurs Circulation Expenditures of $90,000 in 2010