A company using the perpetual inventory system paid cash for a transportation-in cost. Which of the following choices reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=NA+-NA-NA=NA-OAB.+-=NA+NANA-NA=NA NAC.+-=NA+NANA-+=--OAD.+-=NA+NANA-NA=NA-OA

A. Option A
B. Option B
C. Option C
D. Option D


Answer: D

Business

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