Use This Journal Entry to Answer the Following Question Explain How the Above Journal Entry Relates to the Measurement

Essay

Use this journal entry to answer the following question.
$$\begin{array} { | l | l | l | r | r | } \hline\text { Nov. } & 16 &\text { Accaunts Payable } & 685 \\&&\text { Cash } &&685 \\&&\text { Recorded payment of a lability } & \\\hline\end{array}$$ Explain how the above journal entry relates to the measurement issues of (a)recognition,(b)valuation,and (c)classification.