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A capital expenditure results in a debit to a(n) a. expense account. b. capital account. c. asset account. d. liability account. 21. An expenditure for

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A capital expenditure results in a debit to a(n) a. expense account. b. capital account. c. asset account. d. liability account. 21. An expenditure for which of the following items would be considered a revenue expenditure? a. Plant assets b. Ordinary repair c. Addition d. Betterment 22. 23. Which of the following statements is not descriptive of common stock? Stockholders are considered owners, not creditors, of a corporation. The payment of dividends is never required. Dividends paid are an expense for the issuing corporation. Issuing stock is less risky than issuing bonds. a. b. c. d

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