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29) Equipment is an example of a a) current liability b) long-term liability c) current asset d) long-term asset 30) During the closing process, which
29) Equipment is an example of a a) current liability b) long-term liability c) current asset d) long-term asset 30) During the closing process, which of the following accounts are reset to zero with debits? a) liabilities b) expenses c) revenues d) both (a) and (c) above Focus
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