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  3. Study Set
    Financial Accounting Information for Decisions
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    Exam 1: Introducing Financial Accounting
  5. Question
    Retained Earnings Are Increased When Cash Is Received from Customers
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Retained Earnings Are Increased When Cash Is Received from Customers

Question 213

Question 213

True/False

Retained earnings are increased when cash is received from customers in payment of previously recorded accounts receivable.

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