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    Fundamentals of Financial Accounting Study Set 2
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    Exam 3: The Income Statement
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    When Cash Is Paid\(\bold{after}\) The Cost Is Incurred to Generate Revenue,costs Are Stated As
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When Cash Is Paid after\bold{after}after The Cost Is Incurred to Generate Revenue,costs Are Stated As

Question 26

Question 26

Multiple Choice

When Cash is paid after\bold{after}after the cost is incurred to generate revenue,costs are stated as:


A) Liability
B) Asset
C) Revenue
D) Shareholders' equity

Correct Answer:

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