dawnmarieh9 dawnmarieh9

14-03-2021
Business

contestada

how would you purchase of inventory on credit affect the income statement?

Respuesta :

madaradhamanjari madaradhamanjari

14-03-2021

Answer:

The purchase of credit increases both accounts payable and inventory, which are balance sheet accounts. It would, therefore, have no effect on the income statement.

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