Question: How does paying a liability in cash affect the accounting equation? A) assets decrease; liabilities decrease B) liabilities decrease; stockholders' equity increases C) assets

How does paying a liability in cash affect the accounting equation? A)

How does paying a liability in cash affect the accounting equation? A) assets decrease; liabilities decrease B) liabilities decrease; stockholders' equity increases C) assets increase; liabilities increase D) assets increase; liabilities decrease

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