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Question 1 ( 0 . 6 points ) If a company that uses a perpetual inventory system sold inventory which cost $ 1 , 0

Question 1(0.6 points)
If a company that uses a perpetual inventory system sold inventory which cost $1,000 for a selling price of $3,000, the accounting equation would show a net
increase in assets and net decrease in liabilities
decrease in assets and net increase in liabilities
increase in assets and net increase in stockholders' equity
decrease in assets and net decrease in stockholders' equity
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