When a Firm Purchases Supplies for Use in Its Business $$\begin{array} { | l | l | } \hline \text { Dr. } & \text { Supplies } \\\hline \text { Cr. } & \text { Accounts payable } \\\hline\end{array}$$

question 4

Multiple Choice

When a firm purchases supplies for use in its business, and the cost of the supplies purchased is recorded as an asset, the following adjustment to recognize the cost of supplies used will probably be required:

• A) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Supplies } \\
• \hline \text { Cr. } & \text { Accounts payable } \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Supplies } \\
• \hline \text { Cr. } & \text { Supplies expense } \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline \text { Dr. } & \text { Supplies expense } \\
• \hline \text { Cr. } & \text { Supplies } \\
• \hline
• \end{array}\]
• D)No adjustment will probably be required.

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Definitions:

Physical Play

Activities that engage children (or adults) in physical exercise or movements, such as running, jumping, or climbing, promoting physical health and coordination.

Enthymeme

A rhetorical syllogism missing one of the premises or the conclusion, used in persuasive speech.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Distributed

Spread out or dispersed over a wide area or among a large number of people.