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$200 of supplies were purchased at the beginning of the period and recorded as an asset. During the period, $90 of supplies were used. The
$200 of supplies were purchased at the beginning of the period and recorded as an asset. During the period, $90 of supplies were used. The adjustment to (assets/liabilities/expenses) to be reduced and show the supplies used up would cause (expenses/liabilities/revenues) to be increased, so net income would decline.
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