Ask Question
BusinessBusiness
16 January, 12:41

Connie made a purchase on account of printer paper to last for about three months; this transaction increased supplies and decrease accounts payable.

a. True

b. False

+2
Answers (1)
  1. 16 January, 12:48
    0
    The answer is False. While supplies does increase, accounts payable will also increase (assuming the printer paper was purchased on credit instead of payed for in cash). Because of this purchase, Connie now owes someone for the printer paper, causing the increase to accounts payable. When she finally pays for it, accounts payable will be decreased.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Connie made a purchase on account of printer paper to last for about three months; this transaction increased supplies and decrease ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements is most likely true of market follower strategies? market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
Answers (1)
Question 222 pts Underground activities are not counted in GDP because Group of answer choices some underground activities are illegal and the government doesn't want to place, for instance, drug dealers on an equal footing with small businesses.
Answers (1)
How would a rise in business investment affect the aggregate demand curve?
Answers (1)
When are you required to give your name, address, and boat identification to the operator or owner of another vessel?
Answers (1)
A party who has been induced to enter into an illegal contract because of fraud, duress, or undue influence can sue the other party and recover whatever consideration he has paid. a. True b. False
Answers (1)
New Questions in Business
Increases to owner's equity may be from expenses that are incurred. expenses exceeding revenue for the period. withdrawals of cash from the business by the owner. revenue that is derived from sales of goods or services
Answers (1)
Now consider a strangle using the same call with a strike price of $100 and a different put with a strike price of $95. Both have the same expiration date.
Answers (1)
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 Percent. The relevant tax rate is 35 percent.
Answers (1)
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Home » Business » Connie made a purchase on account of printer paper to last for about three months; this transaction increased supplies and decrease accounts payable. a. True b. False
Sign Up Forgot Password?