This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Paying an account payable increases liabilities and decreases assets. a. True b. False ... (Read 55 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jul 6, 2018
Paying an account payable increases liabilities and decreases assets.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

An account receivable is a claim against a customer resulting from a sale on account.
 a. True
  b. False
 
   Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 6, 2018
Answer to Question 1

False

Answer to Question 2

True


penguins

  • Member
  • Posts: 903
Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Species richness decreases with distance from the source pool. Species richness decreases with distance from the source pool.
Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
What's Your BMI? As your BMI increases, you are more likely to be overweight or obese What's Your BMI? As your BMI increases, you are more likely to be overweight or obese
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library