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A company had no office supplies at the beginning of the year. During the year,

ID: 2628742 • Letter: A

Question

A company had no office supplies at the beginning of the year. During the year, the company purchased $440 worth of office supplies. On December 31, $170 worth of office supplies remained. How much should the company report as office supplies expense for the year?

A company had no office supplies at the beginning of the year. During the year, the company purchased $440 worth of office supplies. On December 31, $170 worth of office supplies remained. How much should the company report as office supplies expense for the year?

Explanation / Answer

440-170 =270

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