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    Financial Accounting Tools Study Set 5
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    Exam 1: The Purpose and Use of Financial Statements
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    The Cost of Assets Consumed or Services Used Is Also
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The Cost of Assets Consumed or Services Used Is Also

Question 58

Question 58

Multiple Choice

The cost of assets consumed or services used is also known as a(n)


A) revenue.
B) expense.
C) liability.
D) asset.

Correct Answer:

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