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    Financial Accounting
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    Exam 4: Accounting Principles and End-Of-Period Adjustments
  5. Question
    A 'Contra Asset' Account Is Listed in the Balance Sheet
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A 'Contra Asset' Account Is Listed in the Balance Sheet

Question 14

Question 14

True/False

A 'contra asset' account is listed in the balance sheet on the assets side but with a negative (credit)balance.

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