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Other Fields Homework Help Accounting Topic started by: H3Ko on Sep 6, 2016



Title: When goods are transferred from the Work-in-Process Inventory account to the Finished Goods ...
Post by: H3Ko on Sep 6, 2016
When goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account, ________.
A) total liabilities increase and total equity decreases by the same amount
B) total equity and total assets increase by the same amount
C) total assets of the company remain constant
D) total assets and total liabilities increase by the same amount


Title: Re: When goods are transferred from the Work-in-Process Inventory account to the Finished Goods ...
Post by: .unplugged. on Sep 6, 2016
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Title: Re: When goods are transferred from the Work-in-Process Inventory account to the Finished Goods ...
Post by: H3Ko on Oct 12, 2016
YES! Can't believe I got this one right. Appreciate the confirmation