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  3. Study Set
    Financial Accounting A User Perspective
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    Exam 3: Processing Data Through the Accounting System
  5. Question
    An Example of a Contra Asset Account Is
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An Example of a Contra Asset Account Is

Question 19

Question 19

Multiple Choice

An example of a contra asset account is:


A) Accumulated amortization
B) Amortization expense
C) Discount on Bonds Payable
D) Prepaid expenses

Correct Answer:

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