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When Should Supplies Be Recorded as an Expense

Question 120

Multiple Choice

When should supplies be recorded as an expense?


A) In the period the supplies are purchased,regardless of when cash is paid.
B) In the period cash is paid for the supplies,regardless of when the supplies were received.
C) In the period the supplies are used,regardless of when they were purchased.
D) In the period the supplies are sold,regardless of when they were received.

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