Question: Select all that apply When the perpetual inventory system is used, what are the financial statement effects of a sale of inventory on account? assets

Select all that apply
When the perpetual inventory system is used, what are the financial statement effects of a sale of
inventory on account?
assets decrease by the sales price of the inventory
assets increase by the sales price of the inventory
assets increase by the cost of the inventory
assets decrease by the cost of the inventory
Select all that apply When the perpetual inventory system is used,

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