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A company using the perpetual inventory method paid cash for a transportation-in cost. Which of the following choices reflects the effects of this event on
A company using the perpetual inventory method paid cash for a transportation-in cost. Which of the following choices reflects the effects of this event on the financial statements? (Option A,B,C, or D?)
| Assets | = | Liab. | + | Equity | Rev. | - | Exp. | = | Net Inc. | Cash Flow | |
| A. | - | = | NA | + | - | NA | - | NA | = | NA | -OA |
| B. | +- | = | NA | + | NA | NA | - | NA | = | NA | NA |
| C. | +- | = | NA | + | NA | NA | - | + | = | - | -OA |
| D. | +- | = | NA | + | NA | NA | - | NA | = | NA | -OA |
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Data Analytics Using Excel Microsoft 365 With Accounting And Finance Datasets Version 3.0
Authors: Joseph Manzo
1st Edition
145333758X, 9781453337585
