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Which of the following statements is true? A. A credit to Utilities Expense would decrease Retained Earnings. B. Cash, Dividends, Accumulated Depreciation, and Wage Expense
Which of the following statements is true?
A. | A credit to Utilities Expense would decrease Retained Earnings. | |
B. | Cash, Dividends, Accumulated Depreciation, and Wage Expense all have debit balances. | |
C. | Expenses are increased with a debit, and decrease stockholders equity. | |
D. | The issuance of stock decreases a companys assets and increases its stockholders equity. | |
E. | If a company purchases inventory on account, its total assets will not change. |
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