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5. The Greenwood Company uses the perpetual inventory system. Greenwood sells goods that cost $4000 for $6000. If the sales is made on account,

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5. The Greenwood Company uses the perpetual inventory system. Greenwood sells goods that cost $4000 for $6000. If the sales is made on account, the impact of this transaction would be: a) Total assets increase by $2000 b) Total liabilities increase by $6000 c) Total assets increase by $6000 d) Total liabilities increase by $4000

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