Question: a. Option C b. Option B c. Option D d. Option A A company purchased inventory on account. If the perpetual inventory method is used,

a. Option C b. Option B c. Option D d. Option

a. Option C

b. Option B

c. Option D

d. Option A

A company purchased inventory on account. If the perpetual inventory method is used, which of the following choices accurately reflects how the purchase affects the company's financial statements? Cash Flow NA -OA NA - OA Assets = Liab. + Equity Rev -Exp. Net Inc NA NA NA NA NA NA NA NA A. -NA -NA NA NA NA C. NA =

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