How does a debit to an expense account ultimately affect retained earnings? Stockholders equity?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Jan 09, 2014 09:07 AM

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How does a debit to an expense account ultimately affect retained earnings? Stockholders equity?

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A debit to an expense account increases the expense Since e...View the full answer

Fundamental financial accounting concepts

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