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:

Verified
Correct Answer:
Verified
Related Questions
Q18: Which of the following is not true
Q29: An expense account is a subdivision of
Q31: The chart of accounts is a special
Q83: A knowledge of the normal balances of
Q85: A credit is not the normal balance
Q86: Which of the following correctly identifies the
Q87: When a corporation pays a dividend, the<br>A)
Q89: A credit to a liability account<br>A) indicates
Q91: The best interpretation of the word credit
Q93: In recording an accounting transaction in a