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    Financial Accounting Study Set 10
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    Exam 2: Transaction Analysis
  5. Question
    When Cash Is Paid for Utilities
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When Cash Is Paid for Utilities

Question 11

Question 11

Multiple Choice

When cash is paid for utilities:


A) stockholders' equity is decreased.
B) expenses are decreased.
C) assets are increased.
D) liabilities are increased.

Correct Answer:

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