A Alain V New member Nov 6, 2009 #1 The company accountant recorded a cash purchase of heavy equipment in the inventory account. a. Total assets will be overstated. b. Inventory will be understated. c. Net income will not be affected. d. Net cash from operations will be understated.
The company accountant recorded a cash purchase of heavy equipment in the inventory account. a. Total assets will be overstated. b. Inventory will be understated. c. Net income will not be affected. d. Net cash from operations will be understated.
