Question: When recognizing an asset retirement obligation ( ARO ) , which of the following journal entries is correct? Group of answer choices Debit Asset, Credit

When recognizing an asset retirement obligation (ARO), which of the following journal entries is correct?
Group of answer choices
Debit Asset, Credit ARO
Debit Cash, Credit ARO
Debit Asset, Credit Cash
Debit Liability, Credit Asset
Debit Asset, Credit Liability

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