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I dont know these answers 1. What is a contra account? How do revenue contra accounts, specifically, differ from expense accounts? 2. Explain the differences

I dont know these answers
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1. What is a contra account? How do revenue contra accounts, specifically, differ from expense accounts? 2. Explain the differences between the three main methods of inventory costing. How does the choice of inventory method affect the income statement? 3. Explain the concept of capitalizing expenses. How does this relate to the definition of an "asset

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