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    College Accounting Study Set 8
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    Exam 2: The Accounting Equation and Transaction Analysis
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    If Rent Is Paid for the Month, Then
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If Rent Is Paid for the Month, Then

Question 60

Question 60

Multiple Choice

If rent is paid for the month, then


A) a liability will decrease.
B) an asset will increase.
C) owner's equity will increase.
D) owner's equity will decrease.

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