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Which of the following statements are accurate regarding supplies? (Check all that apply.) Check all that apply. Unused supplies are treated as expenses. when supplies

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Which of the following statements are accurate regarding supplies? (Check all that apply.) Check all that apply. Unused supplies are treated as expenses. when supplies are purchased, they are added to the supplies account. Supplies are assets until they are used. Unused supplies can be recorded as Store Supplies, Office Supplies or Supplies. Supplies is considered a liability account Unused supplies are treated as assets 3

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