Author Question: When an account payable is paid with cash, the owner's equity in the business decreases. a. True ... (Read 80 times)

Tazate

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When an account payable is paid with cash, the owner's equity in the business decreases.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Major fund reporting is required for which of the following fund types?
 
  A. Enterprise Funds.
  B. Internal Service Funds.
  C. Agency Funds.
  D. Private-Purpose Trust Funds.



parshano

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Answer to Question 1

False

Answer to Question 2

A



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