[Solved] Your company acquires inventory on accoun

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Your company acquires inventory on account. Select the impact on your financial statements. Increasing assets only. Increasing assets and liabilities. Increasing liabilities only. Increasing liabilities

Your company acquires inventory on account. Select the impact on your financial statements.

		Increasing assets only.
		Increasing assets and liabilities.
		Increasing liabilities only.
		Increasing liabilities and decreasing asset

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