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Question 25 At the end of a reporting period how are revenues and expenses reflected...

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Accounting

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Question 25 At the end of a reporting period how are revenues and expenses reflected on the balance sheet? O a. They increase or decrease the cash account. b. They increase or decrease the common stock account. c They increase or decrease retained earnings via the retained earnings equation d. They are reported as net income. Moving to another question will save this response. Question 24 Which account is not reported on the income statement? a. Cost of goods sold b. Depreciation expense c. Unearned revenue d. Rent expense A Moving to another question will save this response

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