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    Business
  3. Study Set
    Introduction to Financial Accounting
  4. Exam
    Exam 3: Recording Transactions
  5. Question
    Since Revenues and Expenses Are Associated with Stockholders' Equity,revenues and Expenses
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Since Revenues and Expenses Are Associated with Stockholders' Equity,revenues and Expenses

Question 40

Question 40

True/False

Since revenues and expenses are associated with stockholders' equity,revenues and expenses must have normal balances on the same side of a T-account.

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