Top Posters
Since Sunday
1
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
jrdavis jrdavis
wrote...
Go to Answer
Posts: 290
Rep: 0 0
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:
Read 44 times
3 Replies
Replies
Answer verified by a subject expert
sandy.cardssandy.cards
wrote...
#1
Posts: 186
Rep: 42 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

jrdavis Author
wrote...
#2
5 years ago
TY!
wrote...
#3
5 years ago
You're welcome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  890 People Browsing
 117 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4444
  
 375
  
 290
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?