Which of the Following Changes Describes the Purchase of $2,000

question 86

Multiple Choice

Which of the following changes describes the purchase of $2,000 of inventory through payment on credit?

• A) Assets and shareholders' equity increase by $2,000.
• B) Assets and shareholders' equity decrease by $2,000.
• C) Assets and liabilities increase by $2,000.
• D) Assets and liabilities decrease by $2,000.