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Use This Journal Entry to Answer the Following Question Explain How the Above Journal Entry Relates to the Measurement

question 93

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Use this journal entry to answer the following question.
 Nov. 16 Accounts Payable 685 Cash 685 Recorded payment of a liability \begin{array}{|l|l|l|r|r|}\hline\text { Nov. } & 16 & \text { Accounts Payable }& 685 \\&&\text { Cash } & & 685\\&&\text { Recorded payment of a liability } \\\hline\end{array} Explain how the above journal entry relates to the measurement issues of (a)recognition,(b)valuation,and (c)classification.


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