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    Financial Accounting Study Set 11
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    Exam 2: Transaction Analysis
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    If a Company Buys Inventory on Account
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If a Company Buys Inventory on Account

Question 33

Question 33

Multiple Choice

If a company buys inventory on account:


A) cash decreases.
B) accounts payable increases.
C) net income increases.
D) total assets remain the same.

Correct Answer:

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