Payment is made for an electric bill which was received and recorded earlier. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase.
b. Assets increase and stockholders' equity increases.
c. Liabilities increase and stockholders' equity decreases.
d. Liabilities decrease and assets decrease.
d
Business
You might also like to view...
It is generally more effective to use ________ to encourage desired behavior than to use ________ to stop undesired behavior
A) punishment; reinforcement B) reinforcement; punishment C) persuasion; harsh language D) psychology; oppression
Business
Politically astute managers cultivate both people and information
Indicate whether the statement is true or false
Business