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Question 3 (3 points) Company B purchases items that it intends to sell to customers in its retail outlets with an agreement that Company B

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Question 3 (3 points) Company B purchases items that it intends to sell to customers in its retail outlets with an agreement that Company B will pay the supplier of the items 30 days from delivery. The result in the accounting equation for Company B is: 1) Expenses increase ( 2) Current liabilities increase 3) Current assets decrease ( 4) Stockholders equity decreases

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