The cash payment of a liability: Question 3 Answer Increases assets and decreases liabilities. Decreases assets and increases liabilities. Decreases assets and liabilities. Decreases assets and equity.

The payment of a liability decreases both assets and liabilitiesGroup of answer choicesTrueFalse

When a cash disbursement in payment of an accounts payable is recordedSelect one:a.the liability account is increasedb.the income statement is changedc.the liability account is decreasedd.the cash account is unchanged

When a liability is paid, which of the following is true? Group of answer choices 1.Total assets decrease by the same amount that total liabilities increase. 2.Total assets and total liabilities are unchanged. 3.Total assets and total owners' equity decreases. 4.Net assets remain unchanged.

Which one of the following statements is true?Sales on credit, or accounts receivable increase cash flowCurrent liabilities, including a bank loan decrease cash flowThe salvage value generates cash from selling an existing asset todayOpportunity costs include assets owned by the firm that could be sold if a project is not undertakenBonds represent a source of operating cash flow

When an organisation purchases a machine for cash, which of the following is true?Question 3Select one:a.Total assets increase.b.Total liabilities decrease.c.Total expenses increase.d.Total equity stays the sam