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A company purchased inventory on account. If the perpetual inventory method is used, which of the following choices accurately reflects how the purchase affects the

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A company purchased inventory on account. If the perpetual inventory method is used, which of the following choices accurately reflects how the purchase affects the company's financial statements? Liab. Equity Assets Rev. Exp. Net Inc. Cash Flow A. NA NA + NA B. +/- NA NA NA NA NA -OA C. NA NA NA NA NA D. NA NA NA - 0A NA

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