All of the following accounts have normal credit balances except

a. Investments
b. Common Stock (Capital Stock)
c. Accounts payable
d. Service Revenue


a

Business

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Indicate whether the statement is true or false

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In a partnership of A, B, and C, A commits fraud which creates a liability to the partnership of $9,000 . If the three partners share profits and losses equally, A's liability to the partnership for his fraudulent act is $3,000

a. True b. False Indicate whether the statement is true or false

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A promissory note that requires a borrower to repay funds in installments is called a(n)

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Business