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A cash payment of an account payable would:

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A cash payment of an account payable would:

A cash payment of an account payable would:
A) decrease total assets and decrease owner's equity.
B) increase total assets and decrease liabilities.
C) have no effect on total assets.
D) decrease liabilities and decrease assets.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

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