Multiple Choice
Paying a utility bill as soon as it was received would:
A) increase expenses.
B) increase liabilities.
C) increase owners' equity.
D) decrease revenues.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q66: The purchase of land for cash would:<br>A)increase
Q67: The trial balance is used to determine
Q68: Which statement is NOT true?<br>A)A credit increases
Q69: Borrowing money from the bank by signing
Q72: The owner of a business paid cash
Q73: To compute ending retained earnings on the
Q74: The journal entry to record performing a
Q75: The normal balance of the Common Stock
Q76: A business purchases a truck by signing
Q149: A trial balance has total debits of