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Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below. 1. Which of the following accounts is NOT an asset account? a. Cash b. Accounts Payable c. Building d. Equipment 2. Which of the following accounts is not a liability account? a. Notes Payable b. Accounts Payable c. Wages Payable d. Fees Earned 3. Increases in stockholders' equity as a result of selling services or products to customers are known as a. expenses. b, revenues. C. assets. d. liabilities. Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below. 1. Which of the following accounts is NOT an asset account? a. Cash b. Accounts Payable c. Building d. Equipment 2. Which of the following accounts is not a liability account? a. Notes Payable b. Accounts Payable c. Wages Payable d. Fees Earned 3. Increases in stockholders' equity as a result of selling services or products to customers are known as a. expenses. b, revenues. C. assets. d. liabilities.
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Account payable because these are amounts due to suppliers for goodss... View the full answer
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Posted Date:
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