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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    If Equipment Were Purchased from an Outside Party, the Using
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If Equipment Were Purchased from an Outside Party, the Using

Question 153

Question 153

True/False

If equipment were purchased from an outside party, the using up of the equipment's economic benefit would be considered an external transaction.

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