The Following Office Supplies Account Information Is Available for Nabors

question 31

Multiple Choice

The following Office Supplies account information is available for Nabors Company. $$\begin{array} { | l | r | } \hline \text { Beginning balance } & \$ 2,000 \\\hline \text { Office Supplies expensed } & 8,000 \\\hline \text { Ending balance } & 1,000 \\\hline\end{array}$$ From the above information,calculate the amount of office supplies purchased.

• A) $7,000
• B) $8,000
• C) $2,000
• D) $1,000

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Definitions:

Temporary Assistance

Aid or support provided for a limited period, often aimed at individuals or families in financial need.

Personal Income Taxes

Taxes imposed on individuals or entities based on their income or profits earned within a fiscal year.

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The income obtained by the federal government through taxation, which is used to fund its activities and services.

U.S. Tax Revenue

The total income collected by the government of the United States from tax sources, including individual and corporate income taxes, social security taxes, sales taxes, and other levies.