Question
A marketing invoice was received in February for $15,000 from our Agency for services related to creative development covering the period March, April and May
A marketing invoice was received in February for $15,000 from our Agency for services related to creative development covering the period March, April and May in equal amount of $5,000 worth of services. The invoice for $15,000 was paid by Accounting in April. In order for the Marketing Department to track the spending related to these expenses in the Income Statement (selling, general and administrative expenses), what can the Marketing Department anticipate for the Accounting expense recognition in the Income Statement ?
Group of answer choices
$5,000 of expense in the February Income Statement
$5,000 of expenses in each the March, April and May Income Statements
$15,000 of expense in the April Income Statement
$15,000 of expense in the February Income statement
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