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    Financial Accounting Tools Study Set 5
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    Exam 3: The Accounting Information System
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    A Payment of a Portion of Accounts Payable Will
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A Payment of a Portion of Accounts Payable Will

Question 88

Question 88

Multiple Choice

A payment of a portion of accounts payable will


A) not affect total assets.
B) increase liabilities.
C) not affect shareholders' equity.
D) decrease net income.

Correct Answer:

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