On January 1, 20B, the Ledger of Global Corporation Correctly

question 33

Multiple Choice

On January 1, 20B, the ledger of Global Corporation correctly showed supplies inventory of $500. During 20B, supplies purchases amounted to $700. A count (inventory) of supplies on hand at December 31, 20B, showed $400. The 20B income statement should report supplies expense amounting to which of the following?

• A) $1,100.
• B) $1,200.
• C) $700.
• D) $800.

---

Definitions:

Ambiguous Figures

Visual images that can be perceived in more than one way, illustrating how perception can shift between multiple interpretations.

Visual Illusions

Perceptual anomalies where the observed images differ from the actual reality, often revealing how the human brain processes information.

Theoretically Diverse

Characterized by or involving a variety of different theories, methods, or ideas in a particular field or discipline.

Kinesthetic System

The sensory system that contributes to the sense of the position and movement of parts of the body, primarily through receptors in the muscles and joints.