A corporation is a business owned by its stockholders.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ASAP answer if the statements are true or false
Transcribed Image Text:A corporation is a business owned by its stockholders.
A debit side entry must have a corresponding credit side entry.
The normal balance of an account refers to the side of the account – debit or credit - where
decreases are recorded.
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