Question: 18. What effect does recognizing an accrued liability for utilities at the end of the accounting period have on the accounting equation? a.Liabilities increase and

18. What effect does recognizing an accrued liability for utilities at the end of the accounting period have on the accounting equation?

a.Liabilities increase and stockholders' equity decreases.

b.Assets decrease and liabilities decrease.

c.Assets decrease and stockholders' equity decreases.

d.Liabilities increase and stockholders' equity increases.

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