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A company using the perpetual inventory method paid cash for freight costs to purchase merchandise. Which of the following answers reflects the effects of this
A company using the perpetual inventory method paid cash for freight costs to purchase merchandise. Which of the following answers reflects the effects of this event on the financial statements? a. Assets Liab Equity Rev Exp Cash flow Net Income NA NA NA NA -OA b. Assets Liab Equity Rev Exp Net Income Cash flow NA NA NA NA -OA Assets Liab Equity Rev Exp Net Income NA Cash flow NA . NA NA d. Assets Liab Equity Rev Exp Net Income Cash flow +,- NA NA NA
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