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Inventory decreased by VND 900,026,977 O Inventory decreased by VND 1,164,740,793 Cash decreased by VND 44,101,321,878 Accounts payable decreases by VND 45,001,348,856 Soldier, Inc. sells
Inventory decreased by VND 900,026,977 O Inventory decreased by VND 1,164,740,793 Cash decreased by VND 44,101,321,878 Accounts payable decreases by VND 45,001,348,856 Soldier, Inc. sells component parts to IAC Communications, Inc. a cell phone manufacturer. On December 10, 2021, Solider, Inc. sold VND 45,001,348,856 of goods to IAC Communications, Inc. on account for VND 58,237,039,696. Terms of the sale were 2/10, net 30. On December 18, 2021, IAC Communications, Inc. paid the account in full. IAC Communications, Inc. uses a perpetual inventory system. Which of the following is true regarding the impact on the statement of financial position for IAC Communications, Inc. when the payment is made on December 18, 2021
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