A company's Office Supplies account shows a beginning balance of $600 and an ending balance of $400. If office supplies expense for the year is $3,100, what amount of office supplies was purchased during the period?
A. $3,500.
B. $3,700.
C. $2,900.
D. $2,700.
E. $3,300.
Answer: C
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A partnership agreement:
A) Is not binding unless it is in writing. B) Is the same as a limited liability partnership. C) Is binding even if it is not in writing. D) Does not generally address the issue of the rights and duties of the partners. E) Is also called the articles of incorporation.
Describe crime insurance