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Selling inventory for cash results in which of the following? Assume inventory is sold for more than it cost to produce. ( Select all that
Selling inventory for cash results in which of the following? Assume inventory is sold for more than it cost to produce. Select all that apply.
Increases stockholders' equity.
Decreases net income.
The transaction does not affect liabilities.
The transaction does not affect total assets.
The transaction does not affect stockholders' equity.
Increases cash.
The transaction does not affect net income.
Decreases stockholders' equity.
Increases liabilities.
Decreases liabilities.
Increases net income.
Decreases inventory.
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