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In 2012, Krane Company purchases $75,000 of U.S. Treasury bills. This purchase would be reported on Krane Company's 2012 statement of cash flows as:
Supplies Cost
The cost associated with the items and materials used in the operation of a business.
Spending Variance
The difference between the budgeted or planned amount of expense and the actual amount spent.
Cost Formula
An equation used to predict costs, often incorporating fixed and variable components.
Supplies Cost
The total expense incurred for items used in the operation of a business but not directly tied to a specific product or service, such as office supplies or cleaning materials.
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