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    Introduction to Management Accounting Study Set 2
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    Exam 15: Basic Accounting: Concepts, Techniques, and Conventions
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    The _____ Adjusting Entry Increases Expenses and Increases Liabilities
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The _____ Adjusting Entry Increases Expenses and Increases Liabilities

Question 53

Question 53

Multiple Choice

The _____ adjusting entry increases expenses and increases liabilities.


A) prepaid rent
B) wages
C) depreciation
D) revenue received from customers in advance

Correct Answer:

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