How does receiving a bill to be paid next month for services received affect the accounting equation?
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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 increase; liabilities increase | |
c. | liabilities increase; stockholders' equity decreases | |
d. | liabilities increase; stockholders' equity increases |
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