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Question 2 ( 6 marks ) Provide an explanation for each of the following: Why is an increase in an expense shown as a negative

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2 (6

marks

)

Provide an explanation for each of the following:

Why is an increase in an expense shown as a negative number in the expanded accounting equation?

Why is cash received before services are performed not regarded as revenue?

Why are dividends declared not recorded as an expense?

F 2023

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2

6

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