When a Payment Is Made on an Account Payable

question 116

Multiple Choice

When a payment is made on an account payable:

• A)Assets and stockholders' equity decrease.
• B)Assets and liabilities decrease.
• C)Liabilities and revenues decrease.

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Definitions:

Adrenal Gland

The adrenal glands are small, triangular-shaped glands located above the kidneys that produce hormones such as cortisol and adrenaline, involved in stress response and metabolic processes.

Pituitary Gland

A small, pea-sized gland at the base of the brain that produces hormones influencing various body functions, including growth, metabolism, and reproductive processes.

Autonomic Nervous System

A component of the peripheral nervous system responsible for regulating automatic bodily activities such as cardiac rhythm, digestive processes, and breathing rate.

Piloerection

The involuntary erection of hairs on the skin, typically as a response to cold or fear, creating what is commonly known as "goosebumps."