1. Firm A purchases $150,000 in inventory using 40% cash and 60% Accounts Payable. Which of the following statements is false? Firm A's current assets decreased by $60,000 Firm A's inventory increased by $150,000 Firm A's liabilities increased by $90,000 Firm A's shareholder equity was unaffected QUESTION 2 1. A client purchases $200,000 worth of goods and bays 25% cash. Which of the following statements is true? Current assets increase by $200,000 Liabilities increase by $150,000 Shareholder's equity increases by $50,000 O Account receivable decreases by $150,000