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Peterson Corporation recorded an adjusting entry using T-accounts as follows: Depreciation Expense Debit Credit 750 Accumulated Depreciation Debit Credit 750 Which of the following reflects
Peterson Corporation recorded an adjusting entry using T-accounts as follows: Depreciation Expense Debit Credit 750 Accumulated Depreciation Debit Credit 750 Which of the following reflects how this adjustment affects the company's financial statements? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders Equity Revenue Expenses = Net Income A. + + n/a n/a n/a n/a +FA B. n/a n/a + NA C. + n/a + + n/a + +OA D. n/a n/a + OA
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