At March 31, the Amount of Supplies on Hand Is

question 24

Multiple Choice

At March 31, the amount of supplies on hand is $520. What amount is reported in the January income statement for supplies expense?

• A) $1,300.
• B) $0.
• C) $520.
• D) $780.

---

Definitions:

Health Insurance Portability And Accountability Act

A United States legislation passed in 1996 that provides data privacy and security provisions for safeguarding medical information.

Macroeconomics

Macroeconomics studies the behavior, structure, and decision-making of an economy as a whole, including issues like inflation, unemployment, and economic growth.

National Entities

Organizations or institutions that operate within a single country, typically governed by or affiliated with the national government.

Supply and Demand

A fundamental economic model describing the interaction between the availability of a resource and the desire for that resource, affecting its price.