On December 31,the balance in the Prepaid Advertising account was $176,000,which 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
Correct Answer:
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