A company had no office supplies available at the beginning of the year. During the year, the

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Question:

A company had no office supplies available at the beginning of the year. During the year, the company purchased $450 worth of office supplies. On December 31, $80 worth of office supplies remained. How much should the company report as office supplies expense for the year?

$615.

$165.

$450.

$285.

$265.