Problem on merchandise to a customer


Selling $65 of merchandise to a customer for $100 in a state where the sales tax rate is 4%:

A. Increases cash flow from operating activities by $104.

B. Increases total assets by $39.

C. Increases equity by $35.

D. All of the above.

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Accounting Basics: Problem on merchandise to a customer
Reference No:- TGS046005

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