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Home Q & A Board Other Fields Homework Help Business Accounting
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jrdavis jrdavis
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5 years ago
Bliss Company settles a liability by making a payment in cash. How does paying this liability affect the accounting equation of the business?
A) assets and liabilities decrease
B) liabilities decrease and equity increases
C) assets and liabilities increase
D) assets increase and equity decreases
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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sandy.cardssandy.cards
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5 years ago
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jrdavis Author
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#2
5 years ago
TY!
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#3
5 years ago
You're welcome
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