Which of the following does not correctly describe the effect of recording a credit sale of inventory for a profit Question 3 options Sales are recorded when title and risks of ownership are transferred to the buyer Current assets increase Gross profit increases Operating expenses increase

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Which of the following does not correctly describe the effect of recording a credit sale of inventory for a profit? Question 3 options: Sales are

Which of the following does not correctly describe the effect of recording a credit sale of inventory for a profit?

Question 3 options:

	Sales are recorded when title and risks of ownership are transferred to the buyer.
	Current assets increase.
	Gross profit increases.
	Operating expenses increase.

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