Question
Cal Farms reported supplies expense of $1,500,000 this year. The supplies account decreased by $150,000 during the year to an ending balance of $440,000. What
Cal Farms reported supplies expense of $1,500,000 this year. The supplies account decreased by $150,000 during the year to an ending balance of $440,000. What was the cost of supplies the Cal Farms purchased during the year? Multiple Choice
$1,350,000.
$1,940,000.
$1,060,000.
$1,650,000.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
