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    Introductory Accounting
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    Exam 2: Selecting Your Business Structure
  5. Question
    The Financial Accounting "Element" That Best Describes the Outflow of Resources
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The Financial Accounting "Element" That Best Describes the Outflow of Resources

Question 14

Question 14

Multiple Choice

The financial accounting "element" that best describes the outflow of resources during a period to pay rent on an office for that period is


A) Assets
B) Liability
C) Equity
D) Expense
E) Revenue

Correct Answer:

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