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QUESTION 23 The matching concept O addresses the relationship between the journal and the balance sheet determines whether the normal balance of an account is

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QUESTION 23 The matching concept O addresses the relationship between the journal and the balance sheet determines whether the normal balance of an account is a debitor credit requires that the dollar amount of debits equal the dollar amount of credits on a trial balance Ostates that expenses related to revenue be reported at the same time the revenue is reported QUESTION 24 Which of the following entries records the cash sale of capital stock to stockholders? O debit Capital Stock; credit Cash debit Cash; credit Capital Stock debit Cash: credit Revenue debit Revenue; credit Cash QUESTION 25 Which of the following financial statements reports information as of a specific date? income statement retained earnings statement statement of cash flows balance sheet

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