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Which of the following is not an asset account? cash, land equipment or common stock? Which of the following statements describe transactions that would be

Which of the following is not an asset account? cash, land equipment or common stock?

Which of the following statements describe transactions that would be recorded in the accounting system? a. an exchange of an asset for a promise to pay. b. and exchange of promise for ahother promise c both a and b d none of the above?

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