Multiple Choice
Use the following information to answer questions
On April 14, 2010, Mattingly Furniture bought 200 coffee tables at $100 each from Mississippi Pine Warehouse. Shipping terms are FOB destination. Total delivery charges are $1,000. Mattingly uses a perpetual inventory system.
-Mattingly's inventory account balance should be increased by what amount as a direct result of this purchase?
A) $ 0
B) $ 1,000
C) $19,000
D) $20,000
E) $21,000
Correct Answer:
Verified
Correct Answer:
Verified
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