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Dridge Company sold inventory for cash. The selling price was more than the original cost of the inventory. What is the effect of this transaction
Dridge Company sold inventory for cash. The selling price was more than the original cost of the inventory. What is the effect of this transaction on the accounting equation? Cash UP, Inventory UP, Retained Earnings UP Cash UP, Inventory UP, Retained Earnings DOWN Cash UP, Inventory DOWN, Retained Earnings DOWN Cash UP, Inventory DOWN, Retained Earnings UP
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