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Data Inc. buys merchandise worth $275 on account, terms FOB shipping point, and pays the freight cost of $35. As a result of this transaction,

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Data Inc. buys merchandise worth $275 on account, terms FOB shipping point, and pays the freight cost of $35. As a result of this transaction, Data's Oo liquidity increases Ob profitability increases Oc liquidity decreases Od profitability remains unchanged

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