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Assume the company sells no inventory in the period, which of the following transactions would cause net income for the period to decrease? A. Recorded
Assume the company sells no inventory in the period, which of the following transactions would cause net income for the period to decrease?
A. | Recorded $5,500 of depreciation on production equipment | |
B. | Used $3,000 of office supplies | |
C. | Purchased $20,000 of merchandise inventory | |
D. | Paid $10,500 cash for raw material cost |
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