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63) For a journal entry with only two lines, the following entry is valid: Increase in a liability, Decrease in Revenue. A) True B) False

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63) For a journal entry with only two lines, the following entry is valid: Increase in a liability, Decrease in Revenue. A) True B) False 64) For a journal entry with only two lines, the following entry is valid: Decrease in one Owners' Equity, Decrease in a second Owners' Equity A) False B) True 65) Which of the following statements is NOT correct about the financial statements? A) A balance sheet reports assets, liabilities, revenues, and expenses. B) The statement of stockholders' equity presents common stock, dividends, and retained earnings information. C) An income statement reports revenues, expenses, and net income information. D) The statement of cash flows shows cash inflows and outflows from operating, financing, and investing activities

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