Question: A bill is mailed to a client for services rendered. it will be paid in the following accounting period. Whcih of the following would be

A bill is mailed to a client for services rendered. it will be paid in the following accounting period. Whcih of the following would be true as a result of mailing the bill to the client?

A. there will be no effect on total assets

B. total liabilities will decrease

C. net income will increase

D. owner's equity will decrease

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