QUESTION 8 Which of the following statements best describes the effects of recognizing sales revenue earned by a business? Assets increase only when cash sales are made. O B. Stockholders' equity increases only when credit sales are made. C Assets and stockholders' equity increase when either cash or credit sales are made. D Assets increase, but stockholders' equity decreases, when either cash or credit sales are made. OE There will be no effect on the accounting equation unless cash sales are made