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Raw materials of inventory were purchased on credit for $200 000 on 10 June. The company uses the perpetual method. This transaction will: Select one:
Raw materials of inventory were purchased on credit for $200 000 on 10 June. The company uses the perpetual method. This transaction will: Select one: A.increase assets, liabilities and shareholders' equity B.increase assets and liabilities but reduce shareholders' equity 0 C.increase liabilities but have no effect on assets or shareholders' equity 0 o D.none of the above
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