Paying a repair bill as soon as it was received would:
A)increase expenses.
B)increase liabilities.
C)increase stockholders' equity.
D)decrease revenues.

Question

Quizplus · Accepted Answer

Paying a repair bill as soon as it was received would increase expenses as it would immediately decrease the cash balance or increase the accounts payable balance, both of which reduce net income and increase expenses.

Paying a Repair Bill as Soon as It Was Received