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

Answer and Explanation:

The computation of the advertising expense that should be record for the two month under following basis is

a. For cash basis

It should be recorded at $2,000

b. For accrual basis

= $2,000 ×2 ÷5

= $800

In this way, it should be determined

And, the same should be relevant

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

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