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Business, 18.12.2019 22:31 deeoki3384
Payment is received from customers who were billed earlier for services provided for them. for this transaction, identify the effect on the accounting equation.
a. assets increase and stockholders' equity increases.
b. there is no effect on the accounting equation as one asset account increases while another asset account decreases.
c. liabilities increase and stockholders' equity decreases.
d. assets increase and liabilities increase.
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Payment is received from customers who were billed earlier for services provided for them. for this...
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