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A Company Had No Office Supplies at the Beginning of the Year.During

Question 141

Multiple Choice

A company had no office supplies 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

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