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Author Question: When an account payable is paid with cash, the owner's equity in the business decreases. a. True ... (Read 28 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jul 5, 2018
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

  • Sr. Member
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  • Posts: 333
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

A


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