Saturn Company Paid $10,000 on Accounts Payable

question 193

Multiple Choice

Saturn Company paid $10,000 on accounts payable.How does this transaction affect the accounting equation of Saturn?

• A) assets decrease by $10,000 and equity increases by $10,000
• B) assets decrease by $10,000 and liabilities decrease by $10,000
• C) assets increase by $10,000 and equity decreases by $10,000
• D) assets increase by $10,000 and liabilities increase by $10,000

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Definitions:

Successful Implementation

The effective execution of strategies and plans, resulting in the achievement of an organization's objectives and goals.

Organizational Structure

The way in which a company or organization is organized, including the allocation of tasks, responsibilities, and authority to carry out different tasks.

Shared Goals

Common objectives agreed upon by a group or team, aiming to harmonize individual efforts towards achieving a unified outcome.

Implementation

The process of executing plans, strategies, or policies to achieve desired outcomes.