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Alex opened a repair garage to fix cars owned by his neighbors. He rented space and purchased equipment and tools. Although he did generate revenues
Alex opened a repair garage to fix cars owned by his neighbors. He rented space and purchased equipment and tools. Although he did generate revenues Alex experience a loss during each of the first two years of operations his expenses have exceeded his revenue, and he has been using his personal credit cards to pay his bills which of the following statements is true.
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