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What is the effect on the statement of financial position when the business pays acreditor? A. decrease assetbank; decrease equity. B. decrease assetcreditor; decrease liability

What is the effect on the statement of financial position when the business pays acreditor?

A.decrease assetbank; decrease equity.

B.decrease assetcreditor; decrease liability bank.

C.decrease assetbank; decrease liability creditor.

D.none of the above

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