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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Paying the principal on a note plus interest would have which effect on the categories?
A) Total liabilities would be increased.
B) Total assets would be decreased.
C) Owner's equity would be decreased.
D) B and C could be correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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6 years ago
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