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Business, 11.02.2020 17:30 baxter58

A company purchased inventory on account. If the perpetual inventory method is used, which of the following choices accurately reflects how the purchase affects the company's financial statements? Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow A. + = + + NA NA − + = − NA B. +/− = NA + NA NA − NA = NA − OA C. + = + + NA NA − NA = NA NA D. + = + + NA NA − NA = NA − OA a. Option C b. Option D c. Option A d. Option B

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