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    Intermediate Accounting Study Set 5
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    Exam 2: A Review of the Accounting Cycle
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    Which of the Following Is True
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Which of the Following Is True

Question 51

Question 51

Multiple Choice

Which of the following is true?


A) Prepaid expenses are increased by a credit.
B) Gains are increased by a debit.
C) Losses are increased by a credit.
D) Accumulated depreciation is increased by a credit.

Correct Answer:

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