Solution-What is the impact on the statement of financial

What is the impact on the statement of financial position

Reference no: EM132624101

Question - What is the impact on the statement of financial position when a company has cash sales of $15,000 of goods that were originally purchased for $10,000?

Increase asset bank $12,000; increase equity $12,000.

Increase asset bank $15,000; decrease asset inventory $10,000; increase equity $5,000.

Increase asset bank $4,000; increase equity $4,000.

None of these.

Reference no: EM132624101

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What is the impact on the statement of financial position

Reference no: EM132624101

Reference no: EM132624101

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