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    Financial Accounting Tools Study Set 4
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    Exam 3: The Accounting Information System
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    Which of the Following Describes the Classification and Normal Balance
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Which of the Following Describes the Classification and Normal Balance

Question 3

Question 3

Multiple Choice

Which of the following describes the classification and normal balance of the Retained Earnings account?


A) Asset, debit
B) Stockholders' equity, credit
C) Revenues, credit
D) Expense, debit

Correct Answer:

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