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    Financial Accounting
  4. Exam
    Exam 3: The Basics of Record Keeping and Financial Statement Preparation: Income Statement
  5. Question
    Recording Revenues and Expenses Directly in the Retained Earnings Account
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Recording Revenues and Expenses Directly in the Retained Earnings Account

Question 35

Question 35

True/False

Recording revenues and expenses directly in the Retained Earnings account suppresses information about the causes of net income.

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