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Answer in 30 min and get thumbs up If a company buys inventory on account: A. accounts payable increases. B. total assets remain the same.
Answer in 30 min and get thumbs up
If a company buys inventory on account:
A.
accounts payable increases.
B.
total assets remain the same.
C.
net income increases.
D.
cash decreases.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
