Question: Sofa So Good, Inc. signs a contract with a programmer for the development of software that will be developed, delivered, and paid for in the

Sofa So Good, Inc. signs a contract with a programmer for the development of software that will be developed, delivered, and paid for in the next year. The signing of the contract Blank

______.

Multiple choice question.

increases liabilities

decreases stockholders' equity

has no effect on the accounting equation

increases assets

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