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    Exam 3: The Accounting Cycle: End of the Period
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    The Following Information Pertains to Sooner Company: Assuming That
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The Following Information Pertains to Sooner Company: Assuming That

Question 63

Question 63

Multiple Choice

The following information pertains to Sooner Company: The following information pertains to Sooner Company:   Assuming that Sooner Company uses accrual-basis accounting,when would the company record the expense related to the supplies? A) May 2. B) May 8. C) May 15. D) May 20. Assuming that Sooner Company uses accrual-basis accounting,when would the company record the expense related to the supplies?


A) May 2.
B) May 8.
C) May 15.
D) May 20.

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