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Clark Co.'s advertising expense account had a balance of $153241 at December 31, 20x1, before any necessary year-end adjustment relating to the following: Included in
Clark Co.'s advertising expense account had a balance of $153241 at December 31, 20x1, before any necessary year-end adjustment relating to the following: Included in the $153241 is the $16319 cost of printing catalogs for a sales promotional campaign in January 20x2. Radio advertisements broadcast during December 20x1 were billed to Clark on January 2, 20x2. Clark paid the $9107 invoice on January 11, 20x2 What amount should Clark report as advertising expense in its income statement for the year ended December 31, 20x1? Select one: a $ 136922 b. $ 162348 c. $ 127815 d. $ 146029 Check
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