For Each Item Numbered Below, Select the Appropriate Effect on Liabilities

Multiple Choice

For each item numbered below, select the appropriate effect on liabilities listed in a through e that each transaction describes.You may use each letter more than once or not at all.In some cases, two effects are correct.
-Issued a $1,000 short-term note payable for $970.

A) Decrease current liabilities
B) Increase current liabilities
C) No effect on recorded current liabilities
D) Accrued contingent liability
E) Contingent liability disclosed in the notes only