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    Intermediate Accounting Study Set 3
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    Exam 4: Statements of Financial Position and Changes in Equity; Disclosure Notes
  5. Question
    A Deficit Is Synonymous With
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A Deficit Is Synonymous With

Question 41

Question 41

Multiple Choice

A deficit is synonymous with:


A) Negative working capital.
B) Debit balance in retained earnings.
C) Net loss.
D) Cash overdraft.

Correct Answer:

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