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The Don't Bite Me Pest Control Company Has 10,000 Gallons

Question 61

Multiple Choice

The Don't Bite Me Pest Control Company has 10,000 gallons of insecticide supplies on hand that cost $300,000; a bill from the vendor for $100,000 of these supplies has not yet been paid.The company expects to earn $800,000 for its services when it uses the insecticide supplies.The company's balance sheet would include an asset,Supplies,in the amount of:


A) $10,000.
B) $200,000.
C) $300,000.
D) $800,000.

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