The Records for OTC Inc

question 69

Short Answer

The records for OTC Inc.showed the following for 20x2: Cash paid during the year on expenses, $4,000.
The amount of expense that should be reported on the income statement is: $ _.

---

Definitions:

Conclusive Description

Definitive or decisive description that leaves no room for doubt or questions.

Nutrients

Materials that supply the necessary nutrients for the development and sustenance of living organisms.

Inheritance

Transmission of DNA to offspring.

Reproduction

The biological process by which new individual organisms are produced from their parents.