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    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 5
  4. Exam
    Exam 3: The Adjusting Process
  5. Question
    What Effect Will This Adjusting Journal Entry Have on the Accounting
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What Effect Will This Adjusting Journal Entry Have on the Accounting

Question 3

Question 3

Multiple Choice

What effect will this adjusting journal entry have on the accounting records? What effect will this adjusting journal entry have on the accounting records?   A)  increase income B)  decrease net income C)  decrease expenses D)  increase assets


A) increase income
B) decrease net income
C) decrease expenses
D) increase assets

Correct Answer:

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