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In a perpetual inventorysystem, when cash sales arerecorded, ________. A. merchandise inventory decreases and cost of goods sold increases B. sales revenue increases and cash
In a perpetual inventorysystem, when cash sales arerecorded, ________.
A.
merchandise inventory decreases and cost of goods sold increases
B.
sales revenue increases and cash decreases
C.
merchandise inventory decreases and cost of goods sold decreases
D.
sales revenue increases and cost of goods sold decreases
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