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Question 38. What is the financial Statement Impact of the following transaction: Account Accounts Payable Inventory Cash DR CR 3,500 50 3,450 A L

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Question 38. What is the financial Statement Impact of the following transaction: Account Accounts Payable Inventory Cash DR CR 3,500 50 3,450 A L SE R E Option A -3,500 -3,500 A SE R E Option B -3,450 -3,450 A L SE R E Option C -3,500 -3,500 A L SE R E 2 2 2 2 NI CF -OA NI CF -OA NI CF NI CF Option D -3,500 -3,500 3,500 -3,500 -OA Option E None of the above O Option A O Option B O Option C O Option D O Option E

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