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    Financial Accounting Study Set 29
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    Exam 2: Transaction Analysis
  5. Question
    The Payment of an Amount Owed to a Creditor Would
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The Payment of an Amount Owed to a Creditor Would

Question 78

Question 78

Multiple Choice

The payment of an amount owed to a creditor would:


A) decrease liabilities.
B) decrease assets.
C) increase net income.
D) both decrease assets and decrease liabilities.

Correct Answer:

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