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    Fundamentals of Financial Accounting Study Set 5
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    Exam 2: Reporting Investing and Financing Results on the Balance Sheet
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    Account Names in the Chart of Accounts Are
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Account Names in the Chart of Accounts Are

Question 96

Question 96

Multiple Choice

Account names in the chart of accounts are:


A) general purpose and do not indicate the nature of the account.
B) not consistent in their use throughout the records.
C) linked to account numbers.
D) the names mandated for use by the FASB.

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