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:

Farming Cooperative

An agricultural organization owned and operated by a group of farmers who pool their resources to gain advantages in production, marketing, and purchasing.

Economic Situation

The state of the economy at a specific time, including factors like employment, GDP, inflation rates, and market health.

Farmers' Alliance

A broad mass movement in the rural United States during the late 19th century, which sought to improve the economic conditions for farmers through the creation of cooperatives and political advocacy.

Federal Troops

Military forces deployed by the federal government of a nation, often used to denote soldiers sent to enforce laws within the country, including during periods of civil unrest.