Question: 2 5 Multiple Choice 1 point How would a sale of $ 3 2 0 of inventory on credit affect the balance sheet if the

25
Multiple Choice
1 point
How would a sale of $320 of inventory on credit affect the balance sheet if the cost of the inventory sold was $128?
It would increase noncash assets by $320 and increase equity by $320
It would decrease noncash assets by $128 and decrease equity by $128
It would increase cash by $320 and increase equity by $320
Both A and B , above happen simultaneously
None of these are correct.
2 5 Multiple Choice 1 point How would a sale of $

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