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Zang Company Had No Office Supplies on Hand at the Beginning

Question 85

Multiple Choice

Zang Company had no office supplies on hand at the beginning of the year. During the year, the company purchased $250 worth of office supplies. At the end of the year, $50 worth of office supplies were on hand. How much should Zang Company report as office supplies expense for the year?


A) $75
B) $125
C) $175
D) $200
E) $325

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