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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
A company started the year with no supplies. During this year they bought $200 worth of supplies on account and later paid $150 of this debt. If there were $40 supplies left at the end of this year, what was the supply expense for the period?
A) $160
B) $50
C) $40
D) $10
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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