A Company Started the Year with $400 of Supplies

question 101

Multiple Choice

A company started the year with $400 of supplies.During the year the company purchased additional supplies costing $1,600.There were $800 of supplies on hand at the end of the year.An adjusted trial balance prepared at the end of the accounting period will show the following balance in Supplies Expense:

• A)$600.
• B)$800.
• C)$1,200.
• D)$1,600.

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Definitions:

Placebo Learning

Refers to the phenomenon where learning or positive effects occur because an individual believes they are receiving an intervention, even if the intervention has no therapeutic value.

Cognitive Learning

A theory of learning that explains how people process information, develop understanding, and solve problems through thought, experience, and the senses.

Higher Order

Cognitive processes that involve complex thinking skills such as reasoning, decision-making, and problem-solving beyond basic perceptual and motor skills.

Operant Conditioning

A technique of teaching that involves the use of positive reinforcement and disciplinary actions for conduct.