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    Financial Accounting Study Set 6
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    Exam 2: Transaction Analysis
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    Which Type of Account Is Decreased When a Company Pays
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Which Type of Account Is Decreased When a Company Pays

Question 95

Question 95

Multiple Choice

Which type of account is decreased when a company pays its employees with cash?


A) A liability
B) A prepaid asset
C) An asset
D) Owners' equity

Correct Answer:

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