QUESTION 5 A hair salon business buys and pays for a six-month supply of shampoo in order to receive a bulk discount on the price. The cost of the shampoo is recorded: O a. immediately as an expense. O b. as an asset which will later be reduced as the shampoo is used up. O c. partially as an expense and partially as a liability. O d. as a liability which will later be reduced as the shampoo is used up