What is the effect on the basic accounting equation of the cash payment of accrued interest payable previously accrued?
A) Increase assets, increase liabilities
B) Decrease assets, decrease liabilities
C) Decrease assets, increase liabilities
D) Increase liabilities, decrease stockholders' equity
E) Decrease liabilities, increase stockholders' equity
B
You might also like to view...
Buzz works best when companies put paid consumers in charge of creating their own messages
Indicate whether the statement is true or false
Which of the following is NOT one of the successful techniques for controlling the cost of labor in services?
A) accurate scheduling of labor-hours to assure quick response to customer demand B) an on-call labor resource that can be added or deleted to meet unexpected demand C) little flexibility in worker hours to decrease the burden on management D) flexibility of individual worker skills that permits reallocation of available labor E) flexibility in rate of output or hours of work to meet changing demand