Multiple Select Question

Select all that apply

In a perpetual inventory system, the return of merchandise $xYZ$ recently purchased on account will have the following effects on XYZ$\text{'}$s accounting equation.

$($Check all that apply.$)$

Stockholders' equity will increase.

Liabilities will increase.

Stockholders' equity will decrease.

Assets will decrease.

Assets will increase.

Liabilities will decrease.