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    Fundamental Accounting Principles Study Set 6
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    Exam 1: Accounting in Business
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    An Exchange of Value Between Two Entities That Yields a Change
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An Exchange of Value Between Two Entities That Yields a Change

Question 155

Question 155

Multiple Choice

An exchange of value between two entities that yields a change in the accounting equation is called:


A) The accounting equation.
B) Recordkeeping or bookkeeping.
C) An external transaction.
D) An asset.
E) Net Income.

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