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Orlando Company paid $620 cash to purchase raw materials. How would this transaction affect Orlando's financial statements? Orlando Company paid $620 cash to purchase raw

Orlando Company paid $620 cash to purchase raw materials. How would this transaction affect Orlando's financial statements?

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Orlando Company paid $620 cash to purchase raw materials. How would this transaction affect Orlando's financial statements? Assets = Liabilities + Equity Revenue Expenses = Net Income Cash + Raw Materials Inventory Multiple Choice O (620) + NA = 620) + NA NA - NA = NA O (620) + 620 = NA + NA NA NA = NA O 620 + (620) ET NA + NA NA NA = NA O (620) + NA = NA + (620) NA T-T 620 = (620)

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