Which of the Following Statements Is False When Mama June

question 11

Multiple Choice

Which of the following statements is false when Mama June Pizza Company paid $47,000 cash on accounts owed to suppliers?

• A)The cash account was credited for $47,000.
• B)Accounts payable was debited for $47,000.
• C)Supplies expense was increased by $47,000.
• D)Operating income was not changed by the payment to the suppliers.

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Definitions:

Inherit Wealth

Receiving assets, money, or property from a deceased person's estate based on legal succession or a will.

Social Stratification

A system by which society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power, affecting their access to resources and opportunities.

Swept Away

Completely removed, eliminated, or overtaken by a powerful force.

Access to Resources

The ability or permission to approach, use, or benefit from assets or services that are necessary for well-being or economic production.