A company using the perpetual inventory system paid cash for freight costs to purchase merchandise. Which of the following 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-OAC.+-=NA+NANA-NA=NA NAD.+-=NA+NANA-+=--OA

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


Answer: B

Business

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