In the context of the new-product development process, the decision to market a product on a large scale is made during ___.

IT operations budgets contain hardware expenses only, software is budgeted with new development projects

Indicate whether the statement is true or false

The telephone bill for the current period is received and recorded, but payment will be made later. What effect does this transaction have on the accounting equation?

A) Assets and liabilities increase B) Assets and contributed capital increase C) Liabilities increase and retained earnings decrease D) Assets and liabilities decrease