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    Financial Accounting Study Set 2
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    Exam 4: Income Measurement and Accrual Accounting
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    For Each Transaction Select the Letter of the Type of Adjustment
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For Each Transaction Select the Letter of the Type of Adjustment

Question 130

Question 130

Multiple Choice

For each transaction select the letter of the type of adjustment that would be required
-Depreciation on a delivery truck is recorded


A) Deferred expense
B) Deferred revenue
C) Accrued liability
D) Accrued asset

Correct Answer:

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