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Author Question: Adjusting entries may affect the cash account. a. True b. False Indicate whether the statement ... (Read 108 times)

audie

  • Hero Member
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on: Jul 5, 2018
Adjusting entries may affect the cash account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the following accounts properly would not appear in a proprietary-type statement of net position (balance sheet)?
 
  a. accumulated depreciation
  b. retained earnings
  c. net position, unrestricted
  d. inventory


janeli

  • Sr. Member
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  • Posts: 346
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

b


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