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The accounting equation for Chopper Enterprises is as follows: Assets Liabilities + Stockholders' Equity $480,000 $240,000 $240,000 + If the company now receives a prepayment
The accounting equation for Chopper Enterprises is as follows: Assets Liabilities + Stockholders' Equity $480,000 $240,000 $240,000 + If the company now receives a prepayment in the amount of $60,000, for services to be performed over the next few months, the accounting equation will change to: Support Select one: A. Assets Liabilities $300,000 Stockholders' Equity $240,000 $540,000 B. Assets $540,000 = Liabilities $240,000 Stockholders' Equity $300,000 + O C. Assets $480,000 Liabilities Stockholders' Equity $180,000 + $300,000 D. Assets $480,000 = Liabilities $300,000 Stockholders' Equity $180,000 >
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