Multiple Choice
What is the effect on the balance sheet of recording a $200 cash purchase of raw materials?
A) Assets decrease by $200 and equity decreases by $200.
B) Assets and equity do not change.
C) Assets increase by $200 and equity increases by $200.
D) Assets increase by $200 and equity does not change.
Correct Answer:
Verified
Correct Answer:
Verified
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