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    Fundamentals of Financial Accounting Study Set 3
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    Exam 2: The Balance Sheet
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    The Accounting Equation Will Still Balance If a $5,000 Liability
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The Accounting Equation Will Still Balance If a $5,000 Liability

Question 42

Question 42

True/False

The accounting equation will still balance if a $5,000 liability is misclassified as shareholders' equity.
BT: Comprehension

Correct Answer:

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