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Analyze the following transactions and show the effect on the accounting equation. Receive cash of $12,000 in rental fees for the current month Possible Answers:

Analyze the following transactions and show the effect on the accounting equation.

  1. Receive cash of $12,000 in rental fees for the current month

Possible Answers:

a.Assets decrease and stockholders' equity decrease

b.Assets increase and stockholders' equity increase

c.No effect

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