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On February 1, Pinn Corp. paid $40,000 in advertising expenses for the entire calendar year in advance. OnJuly 3, Pinn paid $430,000 for anticipated major

On February 1, Pinn Corp. paid $40,000 in advertising expenses for the entire calendar year in advance. OnJuly 3, Pinn paid $430,000 for anticipated major repairs to their machinery used for business...

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