Question: When raw materials are transferred from the Raw Materials Inventory account to the Work in Process Inventory account, total assets and total liabilities increase by

When raw materials are transferred from the Raw Materials Inventory account to the Work in Process Inventory account,
total assets and total liabilities increase by the same amount
total assets of the company remain the same amount
total equity and total assets increase by the same amount
total liabilities increase, and total equity decreases by the same amount
When raw materials are transferred from the Raw Materials Inventory account

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