If a Company Buys Inventory on Account

question 33

Multiple Choice

If a company buys inventory on account:

• A)cash decreases.
• B)accounts payable increases.
• C)net income increases.
• D)total assets remain the same.

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Definitions:

Subject Line

The heading at the top of an email or document that summarizes its content or purpose.

Job Ad Number

A unique identifier assigned to a job advertisement to facilitate tracking and referencing.

Email

A method of exchanging digital messages between computer users; one of the earliest and most widely used forms of digital communication.

Abdominopelvic Quadrant

One of the four divisions used by healthcare providers to locate and identify pain or discomfort in the abdomen and pelvic areas.