What is the effect on total assets and shareholders equity of paying the telephone bill as soon
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What is the effect on total assets and shareholders’ equity of paying the telephone bill as soon as it is received each month?
Total assets Shareholders’ equity
a. No effect No effect
b. Decrease No effect
c. No effect Decrease
d. Decrease Decrease
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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