The effects of purchasing inventory on credit are to: a. increase assets and increase stockholders equity. b.

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The effects of purchasing inventory on credit are to:

a. increase assets and increase stockholders’ equity.

b. increase assets and increase liabilities.

c. decrease assets and decrease stockholders’ equity.

d. decrease assets and decrease liabilities.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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