Which of the Following Changes Describes the Purchase of $3,000

question 90

Multiple Choice

Which of the following changes describes the purchase of $3,000 of inventory on credit?

• A)Assets and shareholders' equity increase by $3,000.
• B)Assets and shareholders' equity decrease by $3,000.
• C)Assets and liabilities increase by $3,000.
• D)Assets and liabilities decrease by $3,000.