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25. Stats Co. remitted payment to a vendor for goods delivered earlier this month. What is the effect on the accounting equation for Stats Co.?
25. Stats Co. remitted payment to a vendor for goods delivered earlier this month. What is the effect on the accounting equation for Stats Co.?
A. Assets decrease and liabilities decrease
B. Liabilities decrease, Assets decrease and owners equity decrease
C. Liabilities decrease and owners equity increases
D. Assets increase and owners equity decreases
E. There will be no change to the accounting equation
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