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    Financial and Managerial Accounting Study Set 8
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    Exam 2: Basic Financial Statements
  5. Question
    A Payment of a Business Debt Not Including Interest
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A Payment of a Business Debt Not Including Interest

Question 73

Question 73

Multiple Choice

A payment of a business debt not including interest:


A) Decreases total assets.
B) Increases total liabilities.
C) Increases the owners' equity in the business.
D) Decreases the owners' equity in the business.

Correct Answer:

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