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  3. Study Set
    College Accounting
  4. Exam
    Exam 5: Adjusting Entries and the Work Sheet
  5. Question
    A Contra-Asset Is Deducted from the Related Asset on the Balance
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A Contra-Asset Is Deducted from the Related Asset on the Balance

Question 103

Question 103

True/False

A contra-asset is deducted from the related asset on the balance sheet.

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