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    Financial Accounting
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    Exam 3: Operating Decisions and the Accounting System
  5. Question
    Which of the Following Statements Is False
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Which of the Following Statements Is False

Question 75

Question 75

Multiple Choice

Which of the following statements is false?


A) The unearned revenue account has a credit balance.
B) The revenue account has a credit balance.
C) An expense account has a debit balance.
D) A prepaid expense account has a credit balance.

Correct Answer:

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