Question: How does receiving a bill to be paid next month for services received affect the accounting equation? a. assets decrease; stockholders' equity decreases b. assets
How does receiving a bill to be paid next month for services received affect the accounting equation?
a. | assets decrease; stockholders' equity decreases | |
b. | assets increase; liabilities increase | |
c. | liabilities increase; stockholders' equity decreases | |
d. | liabilities increase; stockholders' equity increases |
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The correct answer is d liabilities increase owners equity decreases The accounting ... View full answer
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