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    Financial Accounting Study Set 5
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    Exam 1: Uses of Accounting Information and the Financial Statements
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    Which of the Following Transactions Does Not Involve an Exchange
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Which of the Following Transactions Does Not Involve an Exchange

Question 54

Question 54

Multiple Choice

Which of the following transactions does not involve an exchange of value?


A) Payment of taxes
B) Purchase of a building on credit
C) Selling of merchandise
D) Loss from fire

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