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Which of the following statements best describes one effect of recognizing expenses incurred by a business entity? a.Stockholders' equity will decrease. b.Stockholders' equity will increase.

Which of the following statements best describes one effect of recognizing expenses incurred by a business entity?

a.Stockholders' equity will decrease.

b.Stockholders' equity will increase.

c.Assets will increase.

d.Liabilities will decrease.

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