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Which of the following statements is not true? 1) Expenses have normal debit balances. 2) Expenses decrease owner's equity. 3) Expenses are a negative factor

Which of the following statements is not true? 1) Expenses have normal debit balances. 2) Expenses decrease owner's equity. 3) Expenses are a negative factor in the computation of net income. 4) Expenses increase owner's equity

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