Question: On December 3 1 , 2 0 1 5 , Juan Foods purchases a van for $ 1 2 , 0 0 0 . How

On December 31,2015, Juan Foods purchases a van for $12,000. How does the purchase of the van affect uan Foods' 2015 income statement?
Decreases sales by $12,000
Increases operating expenses by $12,000
No material ellect
Increases cost of goods sold by $12,000
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Question 24/40
On December 3 1 , 2 0 1 5 , Juan Foods purchases

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