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    Financial Accounting for Decision Makers
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    Exam 2: Processing Accounting Information
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    Maxwell Industries Recorded and Paid $700 Advertising for the Current
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Maxwell Industries Recorded and Paid $700 Advertising for the Current

Question 83

Question 83

Multiple Choice

Maxwell Industries recorded and paid $700 advertising for the current month. Which occurred?


A) Current assets increase
B) Current liabilities decrease
C) Net income decreases
D) Retained earnings increases

Correct Answer:

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