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Haas Company paid $48,000 cash to purchase raw materials. The recognition of this event will:...

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Question

Accounting

Haas Company paid $48,000 cash to purchase raw materials. The recognition of this event will:

answer choices:

decrease total assets, net income, and net cash flow from investing activities.

not affect total assets, total equity, and net income.

decrease total assets, total equity, and net income.

not affect total assets, decrease net income and cash flow.

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