If a company receives $12,200 from a stockholder, the effect on the accounting equation would be: Multiple Choice Assets decrease $12.200 and equity decreases $12.200 Assets increase $12,200 and liabilities decrease $12,200. C Assets increase $12,200 and liabilities increase $12,200. Liabilities increase $12,200 and equity decreases $12.200 Assets increase $12.200 and equity increases $12,200. < Prev 6 of 30 Next >