ABC Inc. collected $2,000 of accounts receivable. The effects on the accounting equation are: . Select...
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ABC Inc. collected $2,000 of accounts receivable. The effects on the accounting equation are: . Select one: A. Total assets decrease and owner's equity increases. O B. Both total assets and total liabilities decrease C. Total assets, total liabilities, and owner's equity remain unchanged. D. Both total assets and owner's equity are unchanged. ABC Inc. collected $2,000 of accounts receivable. The effects on the accounting equation are: . Select one: A. Total assets decrease and owner's equity increases. O B. Both total assets and total liabilities decrease C. Total assets, total liabilities, and owner's equity remain unchanged. D. Both total assets and owner's equity are unchanged.
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