12. On December 31, 2015, Juan Foods purchases a van for $12,000. How does the purchase of the van affect Juan Foods' 20

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12 On December 31 2015 Juan Foods Purchases A Van For 12 000 How Does The Purchase Of The Van Affect Juan Foods 20 1 (14.24 KiB) Viewed 77 times

12. On December 31, 2015, Juan Foods purchases a van for $12,000. How does the purchase of the van affect Juan Foods' 2015 income statement? Decreases sales by $12,000 Increases operating expenses by $12,000 No material effect Increases cost of goods sold by $12,000