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    Financial Accounting Study Set 10
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    Exam 2: Transaction Analysis
  5. Question
    When a Company Incurs Additional Debt, Which Type of Account
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When a Company Incurs Additional Debt, Which Type of Account

Question 159

Question 159

Multiple Choice

When a company incurs additional debt, which type of account is increased?


A) Expense account
B) Retained earnings
C) Liability account
D) Common Stock account

Correct Answer:

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