Question: If a company buys a $ 7 6 0 machine on credit, this transaction will affect the income statement and retained earnings stat ment only.

If a company buys a $760 machine on credit, this transaction will affect the
income statement and retained earnings statment only.
income statement only.
income statement, retained earnings statement, and balance sheet.
balance sheet only.
If a company buys a $760 machine on credit, this transaction

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