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Business, 18.12.2019 21:31 shavonfriend27

Services are provided for customers who are sent bills for the amount they owe. for this transaction, identify the effect on the accounting equation.

a. liabilities decrease and assets decrease.
b. liabilities increase and stockholders' equity decreases.
c. assets increase and liabilities increase.
d. assets increase and stockholders' equity increases.

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Answers: 1

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