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  3. Study Set
    Financial Accounting Study Set 7
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    Exam 2: Recording Business Transactions
  5. Question
    The Payment of an Amount Owed to a Creditor Would
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The Payment of an Amount Owed to a Creditor Would

Question 102

Question 102

Multiple Choice

The payment of an amount owed to a creditor would:


A) increase assets
B) increase liabilities
C) decrease net income
D) decrease liabilities

Correct Answer:

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