The effects on the basic accounting equation of performing services for cash are to: (a) increase assets
Question:
The effects on the basic accounting equation of performing services for cash are to:
(a) increase assets and decrease stockholders’
equity.
(b) increase assets and increase stockholders’
equity.
(c) increase assets and increase liabilities.
(d) increase liabilities and increase stockholders’ equity.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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