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please help need asap Determine the impact on the accounting equation for the following transaction: The Scott Co. paid $100 for advertising expense for the
please help need asap Determine the impact on the accounting equation for the following transaction: "The Scott Co. paid $100 for advertising expense for the month." 1) Total Liabilities and total Assets will decrease. 2) Total Assets will increase and total Stockholders' Equity will decrease. 3) Total Liabilities will increase and total Stockholders' Equity will increase. 4) Total Assets and total Stockholders' Equity will decrease
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