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    Fundamentals of Financial Accounting Study Set 2
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    Exam 6: Merchandising Operations and the Multi-Step Income Statement
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    Contra-Revenue Accounts
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Contra-Revenue Accounts

Question 59

Question 59

Multiple Choice

Contra-revenue accounts:


A) are liabilities.
B) are recorded with a credit.
C) are recorded with a debit.
D) are expenses.

Correct Answer:

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