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  3. Study Set
    Introduction to Accounting
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    Exam 10: Recording and Evaluating Revenue Process Activities
  5. Question
    One Example of a Contra-Asset Is
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One Example of a Contra-Asset Is

Question 62

Question 62

Multiple Choice

One example of a contra-asset is:


A) Sales Discount
B) Sales Returns and Allowances
C) Uncollectible Accounts Expense
D) None of the above are contra assets.

Correct Answer:

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