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Help Save & Exit Submit Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $95 and sold the item

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Help Save & Exit Submit Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $95 and sold the item to a customer for $160. What effect will the sale have on the company's inventory account? Multiple Choice o The account will decrease by $160. o The account will decrease by $95. o The account will decrease by $65. o No effect. Next >

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