If expenses are paid in cash, then Select one: a. assets will decrease b. liabilities will decrease C. assets will increase. d. owner's equity will increase.
If expenses are paid in cash, then Select one: a. assets will decrease b. liabilities will decrease C. assets will increase. d. owner's equity will increase.
Chapter3: Financial Statements, Tools, And Budgets
Section3.2: Financial Statements Measure Your Financial
Problem 1CC
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![If expenses are paid in cash, then
Select one:
a. assets will decrease
b. liabilities will decrease
C. assets will increase.
d. owner's equity will increase.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a18a465-6838-4be5-bb9f-43bfae485b49%2Fac878e18-133a-4c30-88dc-f997d1200261%2Fulp9ygl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If expenses are paid in cash, then
Select one:
a. assets will decrease
b. liabilities will decrease
C. assets will increase.
d. owner's equity will increase.
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