Question: When a corporation completes services for a customer according to an existing contract and the customer agrees to pay for those services in 60 days,

When a corporation completes services for a customer according to an existing contract and the customer agrees to pay for those services in 60 days, the accounting equation will show what for the corporation? 1) Stockholders Equity decreases 2) Liabilities decrease 3) Revenues increase 4) Expenses increase

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