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Business, 25.03.2020 06:34 Liapis

How would a purchase $400 of inventory on credit affect the income statement? A. It would increase liabilities by $400. B. It would decrease liabilities by $400. C. It would increase noncash assets by $400. D. Both A and C E. None of the above

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How would a purchase $400 of inventory on credit affect the income statement? A. It would increase l...
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