Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
If the balance in the Cash account were used to pay part of Accounts Payable,then total liabilities and stockholders' equity would
A) decrease by $16,000.
B) increase by $16,000.
C) increase by $32,000.
D) decrease by $32,000.

Question

Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the balance in the Cash account were used to pay part of Accounts Payable,then total liabilities and stockholders' equity would
A) decrease by $16,000. 
B) increase by $16,000. 
C) increase by $32,000. 
D) decrease by $32,000.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the balance in the Cash account were used to pay part of Accounts Payable,then total liabilities and stockholders' equity would
A) decrease by $16,000. 
B) increase by $16,000. 
C) increase by $32,000. 
D) decrease by $32,000.

Use This Information to Answer the Following Question