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    Fundamental Financial Accounting Concepts Study Set 2
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    Exam 1: An Introduction to Accounting
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    Which of the Following Statements Is True
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Which of the Following Statements Is True

Question 50

Question 50

Multiple Choice

Which of the following statements is true?


A) Balance sheet accounts are referred to as nominal accounts.
B) Balance sheet accounts are referred to as permanent accounts.
C) Dividends are permanent accounts.
D) All of these statements are true.

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