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    Survey of Accounting Study Set 5
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    Exam 2: Understanding the Accounting Cycle
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    A Transaction That Decreases Cash and Decreases Notes Payable Is
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A Transaction That Decreases Cash and Decreases Notes Payable Is

Question 117

Question 117

Multiple Choice

A transaction that decreases cash and decreases notes payable is a/an


A) claims exchange transaction.
B) asset source transaction.
C) asset use transaction.
D) asset exchange transaction.

Correct Answer:

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