When a Cash Disbursement in Payment of an Accounts Payable

question 60

Multiple Choice

When a cash disbursement in payment of an accounts payable is recorded

• A)the liability account is increased
• B)the income statement is changed
• C)the cash account is unchanged
• D)the liability account is decreased

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Definitions:

Failure To Thrive

An observed condition in children marked by insufficient physical growth or the inability to gain weight.

Low-Income Families

Households that earn significantly less than the average income, often leading to limited access to resources and opportunities.

High-Income Families

Households with a financial income significantly above the average for a given society.

Millennial

A person born between the early 1980s and late 1990s; also refers to the generation with birth years in this range.