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  3. Study Set
    Financial Accounting Reporting Analysis
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    Exam 2: The Recording Process
  5. Question
    An Expense Incurred
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An Expense Incurred

Question 37

Question 37

Multiple Choice

An expense incurred:


A) decreases assets and liabilities.
B) decreases equity.
C) leaves equity unchanged.
D) increases equity.

Correct Answer:

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