Venus,IncPaid $5,000 on Accounts Payable

question 82

Multiple Choice

Venus,Inc.paid $5,000 on accounts payable.How does this transaction affect the accounting equation of Venus?

• A)assets decrease by $5,000 and equity increases by $5,000
• B)assets decrease by $5,000 and liabilities decrease by $5,000
• C)assets increase by $5,000 and equity decreases by $5,000
• D)assets increase by $5,000 and liabilities increase by $5,000

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A term often used to describe a government that is seen as overly involved in the daily lives of its citizens, especially in terms of regulation and taxation.

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