Which statement is true about credits? Credits always increase the net worth of a company. Credits always indicate a detriment to the company. Credits always indicate a benefit to the company. None of the above statements are true.
Which statement is true about credits? Credits always increase the net worth of a company. Credits always indicate a detriment to the company. Credits always indicate a benefit to the company. None of the above statements are true.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Which statement is true about credits?
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Credits always increase the net worth of a company. |
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Credits always indicate a detriment to the company. |
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Credits always indicate a benefit to the company. |
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None of the above statements are true. |
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