Clean Sweep,Inc

question 247

Multiple Choice

Clean Sweep,Inc.started the month of June with $800 worth of cleaning supplies.During the month,Clean Sweep purchased $300 of supplies for cash.At June 30,$200 worth of supplies was unused.How much cleaning supplies expense will the company show on its income statement for the month of June?

• A)$800
• B)$500
• C)$1,100
• D)$900

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Definitions:

State Income Tax

A tax levied on income by some states, where the tax rate can vary by state and is applied to income earned by residents and sometimes nonresidents working in the state.

Highway Spending

Government expenditure on the construction and maintenance of road infrastructure, which is crucial for economic development, transportation efficiency, and public safety.

Administrative Burden

The costs associated with regulatory compliance, paperwork, and bureaucratic procedures that organizations must bear.

Tax Laws

Legislation and regulations governing the collection of taxes by authorities to fund public services and infrastructure.