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Author Question: A bank statement a. is a credit reference letter written by the company's bank. b. lets a company ... (Read 58 times)

D2AR0N

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on: Jul 5, 2018
A bank statement
 a. is a credit reference letter written by the company's bank.
  b. lets a company know the financial position of the bank as of a certain date.
  c. is a bill from the bank for services rendered.
  d. shows the activity that increased or decreased the company's account balance.

Question 2

Team Shirts repurchased 3,700 worth of its stock via the stock market. This purchase ________.
 
  A) increased assets
  B) decreased total shareholders' equity
  C) increased retained earnings
  D) decreased retained earnings


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ms_sulzle

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

B


D2AR0N

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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