Clean Sweep,Inc

question 160

Multiple Choice

Clean Sweep,Inc.started the month of June with $600 worth of cleaning supplies.During the month,Clean Sweep purchased $400 of supplies for cash.At June 30,$300 worth of supplies was unused.How much cleaning supplies expense will the company show on its income statement for the month of June?

• A)$300
• B)$100
• C)$1,000
• D)$700

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Definitions:

Budget

A projection of revenues and expenses for a specified timeframe.

Total Utility

The total satisfaction or benefit received by consuming a particular amount of a good or service.

Income

Financial returns, mainly recurring, as compensation for work or investment income.

Technological Advance

The introduction of new technologies or the improvement of existing technologies, leading to better products, services, or ways of doing things.