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A Sale of Inventory Results in A(n)________ in Stockholders' Equity

Question 139

Multiple Choice

A sale of inventory results in a(n) ________ in stockholders' equity equal to the selling price of the inventory.A sale of inventory also results in a(n) ________ in stockholders' equity equal to the cost of the inventory sold.


A) decrease; increase
B) increase; increase
C) increase; decrease
D) decrease; decrease

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