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Coleman Camping Supplies decided to use cash to purchase a new tent sewing machine. It will effectively double their ability to produce tents. How will
Coleman Camping Supplies decided to use cash to purchase a new tent sewing machine. It will effectively double their ability to produce tents. How will this purchase affect Coleman's operating activities? It will decrease their cost of goods sold and hopefully increase net income. It will decrease their wages payable and increase administrative expenses. It will increase their accounts receivable and decrease expenses. It will increase their finished goods inventory and hopefully increase revenue.
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