How would a purchase of $5,000 of inventory on credit affect the balance sheet? Select...
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Accounting
How would a purchase of $5,000 of inventory on credit affect the balance sheet? Select one: a. It would increase liabilities by $5,000 O b. It would decrease noncash assets by $5,000 O c. It would decrease cost of goods sold by $5,000 O d. None of these are correct. O e. It would decrease net income by $5,000
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