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MMF pays $20,000 cash to buy inventory. Before any inventory is sold and ignorin...

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MMF pays $20,000 cash to buy inventory. Before any inventory is sold and

ignoring all other activity, what happens to total current assets?

Total current assets stay the same but its composition changes

100%

Total current assets increase by $20,000

0%

Total current assets stay the same because a new liability is created

0%

Total current assets decrease by $20,000

0%

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