Business, 12.07.2019 18:00 Yomarie1104

On february 1, pinn corp., paid $40,000 in advertising expenses for ads that will run in a periodical for the entire calendar year. on july 3, pinn paid $430,000 for anticipated major repairs to their machinery used for business. the repairs will benefit operations for the remainder of the calendar year. assuming pinn is a calendar year corporation, what amount of these expenses should pinn include in its third quarter interim financial statements?

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On february 1, pinn corp., paid $40,000 in advertising expenses for ads that will run in a periodica...

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