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    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
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    Which of the Following Does Not Correctly Describe the Following
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Which of the Following Does Not Correctly Describe the Following

Question 90

Question 90

Multiple Choice

Which of the following does not correctly describe the following journal entry? Which of the following does not correctly describe the following journal entry?   A) Current assets decrease. B) Gross profit decreases. C) Net sales decreases. D) Net income is not affected.


A) Current assets decrease.
B) Gross profit decreases.
C) Net sales decreases.
D) Net income is not affected.

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