Payment on a portion of Accounts Payable will
A) decrease total liabilities
B) decrease net income.
C) increase total liabilities.
D) increase total assets

Name: Payment on a portion of Accounts Payable will A) decrease total liabilities B) decrease net income. C) increase total liabilities. D) increase total assets
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Question

Quizplus · Accepted Answer

Payment on a portion of Accounts Payable will decrease the total liabilities of a company because it is reducing the amount owed to creditors.

Payment on a Portion of Accounts Payable Will