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    Introduction to Management Accounting Study Set 3
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    Exam 15: Overhead Application: Variable and Absorbtion Costing
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    The Adjusting Entry Increases Owners' Equity and Decreases Liabilities
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The Adjusting Entry Increases Owners' Equity and Decreases Liabilities

Question 121

Question 121

Multiple Choice

The adjusting entry increases owners' equity and decreases liabilities.


A) unrecorded revenue
B) deferred revenue
C) depreciation
D) wages

Correct Answer:

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