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VTR Corporation's Accounting Information System Recently Reported the Following Information

Question 74

Multiple Choice

VTR Corporation's accounting information system recently reported the following information: Cost of goods sold, $1,500.Inventory, $15,000.Unearned service fees, $3,000.Service fees earned, $8,000.Which element of financial statements is not included in the preceding data?


A) Assets
B) Equity
C) Expense
D) Liabilities

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