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    Financial Accounting Study Set 21
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    Exam 3: Double-Entry Accounting and the Accounting Cycle
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    An Example of a Contra Asset Account Is
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An Example of a Contra Asset Account Is

Question 27

Question 27

Multiple Choice

An example of a contra asset account is


A) Accumulated depreciation.
B) Depreciation expense.
C) Gain on sale of landd) Prepaid expenses.

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