Question: Which of the following items (a thru d) is the effect on financial statements of a recording a $100 purchase of raw materials?
assests = liab + Equity Rev - Exp = Net inc. Cash Flow
a) (100) NA (100) NA - 100 (100) NA
b) 100 NA 100 NA - 100 (100) (100)
c) NA NA NA NA NA NA (100)
d) NA NA NA NA - 100 (100) NA