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1) Paying a cash dividend to stockholders is a(n):
A-Operating Activity
B-Investing Activity
C-Financing Activity
D-Expense
2)Borrowing from a bank is a(n):
A-Operating Activity
B-Investing Activity
C-Financing Activity
D-Expense
3)The Accounts receivable account:
A-Has a normal credit balance
B-is increased by a debt
C-is a liability
D-is increased when a company receives cash from its customers
4) Supplies are expensed when:
A-Purchased
B-Paid for
C-Used
D-Purchased on an account
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