Classify the following items as an Asset (A), a Liability (L), or as Owners' Equity (E):
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Q84: Which of the following increases retained earnings?
A)Net
Q89: Receivables are classified as:
A)increases in earnings.
B)decreases in
Q90: Dividends:
A) are paid by a business to
Q90: Which of the following must be added
Q91: Refer to Exhibit 1.3. Total assets for
Q92: Expenses of a business include:
A) sales and
Q93: Revenues were $210,000, expenses were $140,000, and
Q94: Proprietorships and partnerships:
A) have the same equity
Q96: Harvest Company had the following activity during
Q98: Refer to Exhibit 1.3. Total liabilities for
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