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A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies. On December 31, $75 worth of office supplies remained. How much should the company report as office supplies expense for the year?

a) $75

b) $125

c) $175

d) $250

e) $325

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M947141

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