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If owner's equity and liabilities increased during the period, then assets must also have increased. (Points : 3) TRUE or FALSE.
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Asked 11/5/2013 6:26:35 PM
Updated 2/27/2018 7:31:41 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [2/27/2018 7:31:38 AM], Confirmed by jeifunk [2/27/2018 7:31:41 AM]
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User: If owner's equity and liabilities increased during the period, then assets must also have increased. (Points : 3) TRUE or FALSE.

Weegy: If owner's equity and liabilities increased during the period, then assets must also have increased. TRUE.
falloutgirl19|Points 751|

User: A purchase of an asset on account (Points : 3)

Weegy: Purchase Returns and Allowances account is one of the contra-asset account.


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Question
Asked 11/5/2013 6:26:35 PM
Updated 2/27/2018 7:31:41 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by jeifunk [2/27/2018 7:31:38 AM], Confirmed by jeifunk [2/27/2018 7:31:41 AM]
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1 Answer/Comment
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Added 6/10/2014 4:40:56 PM
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Updated 3/14/2014 10:39:10 AM
1 Answer/Comment
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Added 3/14/2014 10:39:08 AM
This answer has been confirmed as correct and helpful.
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