What is the effect on the accounting equation of a cash payment to creditors?
What will be an ideal response?
Assets decrease; liabilities decrease
Making a cash payment to creditors decreases assets (cash) and decreases liabilities (accounts payable).
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Which preference category within the Myers-Briggs indicates a preference for whether people like things closed, settled, and completed or prefer to keep options open and flexible?
a. Extraversion or Introversion b. Sensing or Intuition c. Thinking or Feeling d. Judging or Perceiving
Cities and counties may not restrict emissions from motor vehicles.
Answer the following statement true (T) or false (F)
The costs of direct materials are classified as: Conversion costManufacturing costPrime costA.YesYesYesB.NoNoNoC.NoYesYesD.YesNoNoE.NoYesNo
A. Choice A. B. Choice B. C. Choice C. D. Choice D. E. Choice E.
The person who receives the proceeds from an insurance policy is the
A. owner. B. testator. C. insurer. D. beneficiary.