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A02 Principles of Accounting I All Exams Answers (Ashworth College) (A Grade), Questions and Answers, All Correct Study Guide, Download to Score A
- Exam (elaborations) • 30 pages • 2021
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A02 Principles of Accounting I All Exams Answers (Ashworth College) 
 
EXAM 1 
 
Part 1 of 1 - 
 
100.0/ 100.0 Points 
 
 
 
Question 1 of 20 
 
5.0/ 5.0 Points 
 
Which of the following would result if the business purchased supplies on credit? 
 
 
 
 
 
 
 
A. Supplies would increase and Cash would decrease. 
 
 
 
 
 
B. Supplies would increase and Capital would increase. 
 
 
 
 
 
C. Supplies would increase and Accounts Payable would increase. 
 
 
 
 
 
D. The purchase of suppli...
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