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Which of the following statements is implied in the definition of expense? a. Decrease of assets and decrease of liabilities for the same amount. b.

  1. Which of the following statements is implied in the definition of expense?

    a. Decrease of assets and decrease of liabilities for the same amount. b. Increase of assets and increase of liabilities for the same amount. c. Decrease of assets and no change in liabilities. d. Decrease of liabilities and no change in assets.

    e. Payment of dividends.

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