The Entry to Record the Payment of Accounts Payable

question 4

Multiple Choice

The entry to record the payment of accounts payable:

• A)decreases assets.
• B)increases expenses.
• C)increases liabilities.
• D)increases stockholder's equity.

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Definitions:

Trespassing

Unauthorized entry onto land, property, or resources owned by another person, violating the owner's rights.

Conversion

The unauthorized use or possession of someone else's property, leading to the infringement of property rights.

Tort of False Imprisonment

A legal claim against someone who intentionally restricts another's freedom to move without authority, justification, or consent.

Complete Restraint

A legal term referring to an agreement or clause that totally restricts a party's freedom or action.