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The Blue NileBlue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $ 9 comma 000$9,000 for
The Blue NileBlue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $ 9 comma 000$9,000 for ninenine months of advertising.
How much advertising expense should Blue NileBlue Nile Law Firm record for the two months ending February 28 under the
a. cash basis?
b. accrual basis?
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