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  3. Study Set
    Financial Accounting Study Set 29
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    Exam 2: Transaction Analysis
  5. Question
    Which Type of Account Is Decreased When a Company Pays
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Which Type of Account Is Decreased When a Company Pays

Question 21

Question 21

Multiple Choice

Which type of account is decreased when a company pays its employees with cash?


A) A prepaid asset
B) A liability
C) An asset
D) Owners' equity

Correct Answer:

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