A company usually determines the amount of supplies used during a period by
A) adding the supplies on hand to the balance of the Supplies account.
B) summing the amount of supplies purchased during the period.
C) taking the difference between the supplies purchased and the supplies paid for during the period.
D) taking the difference between the balance of the Supplies account and the cost of supplies on hand.
Correct Answer:
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A)yearly.
B)quarterly.
C)monthly.
D)every time financial statements
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A)postponements and
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