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    Financial Accounting Study Set 1
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    Exam 3: The Income Statement
  5. Question
    The Entry to Record the Payment of Accounts Payable
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The Entry to Record the Payment of Accounts Payable

Question 4

Question 4

Multiple Choice

The entry to record the payment of accounts payable:


A) decreases assets.
B) increases expenses.
C) increases liabilities.
D) increases stockholder's equity.

Correct Answer:

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