Question: 2 4 2 . 5 points A net loss occurs when revenues exceed expenses. False True 2 5 2 . 5 points A debit is

24
2.5 points
A net loss occurs when revenues exceed expenses.
False
True
25
2.5 points
A debit is used to record an increase in all of the following accounts except:
Prepaid Insurance
Supplies
Dividends
Cash
Accounts Payable
24 2.5 points A net loss occurs when revenues exceed expenses.

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