Which of the following transactions would cause net income for the period to decrease?
A) Paid $2,500 cash for raw material cost
B) Purchased $8,000 of merchandise inventory
C) Recorded $5,000 of depreciation on production equipment
D) Used $2,000 of office supplies

Question

Quizplus · Accepted Answer

The Answer of Which of the following transactions would cause net income for the period to decrease?
A) Paid $2,500 cash for raw material cost
B) Purchased $8,000 of merchandise inventory
C) Recorded $5,000 of depreciation on production equipment
D) Used $2,000 of office supplies

Which of the Following Transactions Would Cause Net Income for the Period