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    Financial Accounting Study Set 1
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    Exam 3: The Income Statement
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    An Expense
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An Expense

Question 62

Question 62

Multiple Choice

An expense:


A) will decrease the amount of net income on the income statement.
B) will decrease the amount of Common Stock on the balance sheet.
C) will be increased with a credit to the account.
D) normally has a credit balance.

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