What will the company report on its income statement

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Reference no: EM131435018

On May 1, Counts, Inc. has a balance of $1,000 in office supplies. During May, the company buys $500 more of the office supplies.

On May 31, the company counts the supplies and finds $200 of supplies remaining. What will the company report on its income statement for the month of May?

Reference no: EM131435018

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