Answered: If expenses are paid in cash, then…

If expenses are paid in cash, then Select one: a. assets will decrease b. liabilities will decrease C. assets will increase. d. owner's equity will increase.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section3.2: Financial Statements Measure Your Financial

Problem 1CC

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Question

If expenses are paid in cash, then
Select one:
a. assets will decrease
b. liabilities will decrease
C. assets will increase.
d. owner's equity will increase.

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