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Give examples of a firm expenses

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Problem 1: Can you give examples of a firm's expenses that use up two different classes of assets? [Classes of assets might be current assets, property, plant & equipment (PPE), and other noncurrent assets.]

Problem 2: Can you also give one example of an asset that affects liabilities?

Problem 3: How do expenses affect the accounting equation?

Reference no: EM132830561

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