Problem: Which of the following accounts would be classified as a nominal account and have a normal balance of a credit? A. retained earnings B. patent C. salary expense D. accumulated depreciation E. service revenue F. more than one of the above is correct
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Which of the following accounts would be classified as a nominal account and have a normal balance of a credit?
A. retained earnings
B. patent
C. salary expense
D. accumulated depreciation
E. service revenue
F. more than one of the above is correct
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