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    Financial Accounting Information for Decisions Study Set 2
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    Exam 2: Accounting System and Financial Statements
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    Identify the Account Used by Businesses to Record the Transfer
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Identify the Account Used by Businesses to Record the Transfer

Question 19

Question 19

Multiple Choice

Identify the account used by businesses to record the transfer of assets from a business to its owner for personal use:


A) A revenue account.
B) The dividends account.
C) The common stock account.
D) An expense account.
E) A liability account.

Correct Answer:

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