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    Financial Accounting Tools Study Set 5
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    Exam 3: The Accounting Information System
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    If Expenses Are Paid in Cash, Then
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If Expenses Are Paid in Cash, Then

Question 20

Question 20

Multiple Choice

If expenses are paid in cash, then


A) assets will increase.
B) liabilities will decrease.
C) shareholders' equity will increase.
D) assets will decrease.

Correct Answer:

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