Multiple Choice
Middleton Company uses the perpetual inventory method.The company purchased an item of inventory for $130 and sold the item to a customer for $200.What effect will the sale have on the company's inventory account?
A) The account will decrease by $200
B) The account will decrease by $130
C) The account will decrease by $70
D) No effect
Correct Answer:
Verified
Correct Answer:
Verified
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