If a display rack was purchased for the store, which of the following accounts would be increased?

A) Store Equipment
B) Purchases
C) Capital
D) None of the above is correct.

Answer: A

Business

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Indicate whether the statement is true or false

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The inventory loan arrangement in which all of the borrower's inventories are used as collateral is

termed a A) field warehouse financial agreement. B) terminal warehouse agreement. C) chattel mortgage agreement. D) floating lien agreement.

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