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49) Based on the preceding information, which of the following would be the correct account...

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Question

Accounting

49) Based on the preceding information, which of the following would be the correct account balances for 20X8 if Gotham City used the consumption method of accounting for inventories?

Expenditures

Inventory of Supplies

A)

$

0

$

8,000

B)

$

0

$

1,500

C)

$

6,500

$

1,500

D)

$

6,500

$

0

A) Option A

B) Option B

C) Option C

D) Option D

Answer: C

Please explain using math steps

Answer & Explanation Solved by verified expert
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