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Wesley graduated from Northwestern University and doesn't understand accounting. Wesley knows that you went to Oklahoma State so you have a better understanding of complex
Wesley graduated from Northwestern University and doesn't understand accounting. Wesley knows that you went to Oklahoma State
so you have a better understanding of complex material. Wesley notes that certain accounts are used to collect retained earnings
data revenue & expenses applicable to the current accounting period. However, he doesn't know what type of accounts they are.
What type of accounts are they?
A Contra Accounts
B Permanent Accounts
C Balance Sheet Accounts
Temporary Accounts
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