What effect will the cash payment of an account payable have on the Balance Sheet?   Group of answer choices Decrease an asset and decrease stockholders’ equity Decrease an asset and decrease a liability Increase an asset and increase a liability Increase one asset and decrease another asset

Q: Which of the following should be added to net income in calculating net cash flow from operating…

A: Cash flow is a statement showing the data regarding the inflow of cash from ongoing operations of…

Q: Assets are A. the same as expenses because they are acquired with cash B. financed by the…

A: Assets: Assets are the economic resource of the entity.

Q: Identify if it will Increase, Decrease or No effect.   1.What will happen to the company’s liquidity…

A: 1.What will happen to the company’s liquidity when some of its products are sold from inventory?…

Q: Which of the following statements is incorrect ? Select one: a. When an asset (other than cash)…

A: The accounting equation represents the effect of each accounting transaction on asset, liabilities…

Q: which of the following transactions will result in the increase and decrease in liability? a.…

A: Liability is increased when the amount is borrowed when the liability is paid it is decreased by…

Q: Nutrition Inc. bought land by making a cash down payment and borrowing (mortgage) the remaining…

A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…

Q: When cash is paid for expenses, the business has less cash; therefore, the asset account Cash is…

A: Cash is used by business for running its day to day activities. The business receives cash when it…

Q: Interest Expense on Notes Payable is recorded with an increase to Interest Expense, which decreases…

A: The interest expense on notes payable would be recorded with an increase to interest expense, which…

Q: An investment of cash by stockholders into the business willa. decrease total assets.b. increase…

A: When company requires funds, it can obtain funds by issuing debentures or by borrowing from banks…

Q: he payment of liabilities would cause what effect on corresponding accounts?     Both increase…

A: The accounting equation signifies that the assets of a business are always equal to the total of…

Q: Earning revenue a.increases one asset, decreases another asset b.decreases assets, increases…

A: Earning Revenue will result in increase in Assets and increase in Shareholder's Equity . For eg Cash…

Q: A proprietor makes a cash withdrawal from the proprietorship. How does this affect the accounting…

A: sole proprietorship draws money from the business profit, since he is not paid regularly ,He…

Q: According to the statement of cash flows, an increase in accounts payable will the cash flow from…

A: A Cash Flow Statement is a financial statement that shows the cash inflow and outflow, properly…

Q: The cash payment of an account payable will have the following impact on the accounting equation.…

A: The payment of the account payable will impact the cash and Account payable balance. Here, cash is…

Q: A purchase of an asset on account a. decreases expenses. b. decreases owner's equity. c. increases…

A: Accounting Equation :— It is the relationship between assets, liabilities and owner's equity.…

Q: Identify whether each of the following transactions would Be Debit or credit? Cash increase Supplies…

A: Any increase in asset and decrease in liabilities and stockholders' equity will be debited. And, Any…

Q: Which of the following is NOT a reason why cash flow may not equal net income? a. Capital…

A: The relationship of cash flow with net income is  Cash flow =net…

Q: Which of the following type of transaction will NOT cause a business cash inflow? A. decrease in…

A: The cash flow statement is part of the financial statements of the company. It is prepared at the…

Q: On an indirect method statement of cash flows, an increase in prepaid insurance is a. added to net..…

A: Introduction: Statement of cash flows: All cash in and out flows are shown in cash flow statement.…

Q: Which of the following transactions violates the balance sheet equation? (check all that apply)…

A: Balance sheet is a financial statement which presents the balances of assets, liabilities and…

Q: Identify if it will Increase, Decrease or No effect.   1.What happens to the owner’s assets when the…

A: As posted multiple sub parts questions we are answering only first three sub parts kindly repost the…

Q: Performing services for cash will have the following effects on the components of the basic…

A: The accounting equation refers to the equation of the balance sheet. It is based on the method of…

Q: Which business transaction will affect the quick ratio?     a. Purchase a fixed asset with money…

A: The quick assets ratio is calculated as quick assets divided by current liabilities.

Q: Purchasing computer equipment for cash willa. increase both total assets and total liabilities.b.…

A: Accounting equation: Accounting equation represents the mathematical relationship between assets,…

Q: QUESTION 1: Describe what the cash flow statement shows? QUESTION 2: Explain why cash is…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Which of the following would not be considered a cash flow from "operating" activities? Select one a…

A: Under indirect method, there were three sections to be  reported under cash flow statement. 1.…

Q: Which of the following normally has a net credit balance? A. Asset accounts such as cash, accounts…

A: Credit Balance :— It means Credit is greater than debit. It is listed in credit side of trial…

Q: Receiving cash from a customer on account willa. increase total assets.b. have no effect on total…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: The effect of payment made to creditors of the business would be a. Increase an asset and increase a…

A: Creditors are decreased. Cash is decreased.

Q: The effect of payment made to creditors of the business would be O a. Decrease an asset and decrease…

A: An Payment of any liability will lead to decrease in asset and decrease in liability

Q: A decrease in economic benefits or decrease in assets or increase in liability resulting in decrease…

A: Expenses are decreases in economic benefits during the accounting period in the form of outflows or…

Q: If expenses are paid in cash, then Select one: a. assets will decrease b. liabilities will decrease…

A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received…

Q: counting class I am learning to find accounting rate of return. To solve for this I subtracted net…

A: Since there are multiple sub parts are given , so as per answering guidelines we do only first…

Q: Assets are a.always lower than liabilities b.equal to liabilities less stockholders' equity c.the…

A: The correct option is  d.financed by the stockholders and/or creditors

Q: Which activity decreases cash? Increasing current liabilities Decreasing fixed assets Increasing…

A: This question has 4 options and we need to select the correct option regarding cash.

Q: Choose the letter of correct answer:   A loss on sale of machinery is presented in a statement of…

A: SOLUTION- LOSS ON SALE OF MACHINERY= A NON OPERATING ITEM RESULTING FROM THE SALE OF THIS LONG TERM…

Q: If an expense is incurred but not paid, then a) Liabilities will increase b) Stockholder's equity…

A: As per the guidelines, only one question is allowed to be solved. Please resubmit the question…

Q: Blecker Corp. made cash sales to customers. What effect does this transaction have on the accounting…

A: Accounting equation: Total assets = Liabilities + Equity

Q: Find all of these from photo: A) operating cash flow B) net capital spending C) net change in…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Comment critically on the following statement: ‘Equity only increases or decreases as a result of…

A: Equity only increases or decreases as a result of the owners putting more cash into the business or…

Q: The purchase of supplies for cash will result in a/an a.increase in cash and a decrease in capital.…

A: When supplies are purchased for cash entity will receive supplies and it has to pay cash for the…

Q: Which of the following statements is FALSE? A. Increase in asset is debited. B. Decrease in asset is…

A: Rules of Accounting: Increase in Asset is Debited and Decrease in Asset is Credited. Increase in…

Q: Debits Select one: a. decrease liabilities and increase assets. b. increase both assets and…

A: Solution:- Introduction:-