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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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