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Last year, a printing company purchased 1000 reams of paper for $10 per ream, or $10,000 total. Furthermore, the company used up 200 reams. Check
Last year, a printing company purchased 1000 reams of paper for $10 per ream, or $10,000 total. Furthermore, the company used up 200 reams. Check all the following that is true about how the $10,000 cost is shown on the the financial statements at the end of the year. $10,000 expense on the income statement $2000 expense on the income statement $10,000 asset on the balance sheet $8000 asset on the balance sheet
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