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When an asset increases which of the following does not occur: O increase in common shares O decrease in a liability O increase in revenue
When an asset increases which of the following does not occur: O increase in common shares O decrease in a liability O increase in revenue O decrease in another asset Some accounts need to be adjusted because they are not up to date at the time financial statements are prepared. there are never enough accounts to record all the transactions. there are always errors made in recording transactions. O management can't decide what they want to report. The purchase of certain types of long-lived (non-current) assets is essentially a long-term prepayment for services. O True O False
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