______ In August 2006, Intex spent $150,000 on an advertising campaign for subscriptions to the magazine it sells on getting ready for the skiing season. There are only two issues: one in October and one in November. The magazine is sold on a subscription basis, and the subscriptions started in October 2006. Assuming that Intex's fiscal year ends on 3/31/05, what amount of expense should be included in Intex's quarterly income statement for the three months ended 12/31/06?
A) $37,500
B) $50,000
C) $75,000
D) $150,000
E) $ -0-
Correct Answer:
Verified
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