Solved

Haas Company Paid $48,000 Cash to Purchase Raw Materials

Question 44

Multiple Choice

Haas Company paid $48,000 cash to purchase raw materials.The recognition of this event will:


A) not affect total assets,decrease net income,and decrease cash flow.
B) decrease total assets,total equity,and net income.
C) not affect total assets,total equity,or net income.
D) decrease total assets,net income,and net cash flow from investing activities.

Correct Answer:

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