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The Orange Lily Law Firm prepays tor advertising in the local newspaper On January 1, the law firm pad $11,000 for eleven months of adverting

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The Orange Lily Law Firm prepays tor advertising in the local newspaper On January 1, the law firm pad $11,000 for eleven months of adverting How much advertising expense should Orange Lily Law Firm record for the two months ending February 28 under the a. cash basis? b. accrual basis? a. Under the cash basis, Orange Lily Law Firm will record $ of advertising expense for the two months ending February 28. b. Under the accrual basis, Orange Lily Law Firm will record $ of advertising expense for the two months ending February 28

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