Question: Services are provided for customers who pay for the services immediately. For this transaction, identify the effect on the accounting equation. a. Assets increase and

Services are provided for customers who pay for the services immediately. For this transaction, identify the effect on the accounting equation. a. Assets increase and liabilities increase. b. Liabilities increase and stockholders' equity decreases. c. Assets increase and stockholders' equity increases. d. Liabilities decrease and assets decrease.

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