Mize Company Provided $45,500 of Services on Account, and Collected

Multiple Choice

Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also incurred $37,000 of expenses on account, and paid $32,400 against its payables. Which of the following statements about the result of these events is true?

A) Total assets would increase.
B) Total liabilities would increase.
C) Total stockholders' equity would increase.
D) All of these answer choices are correct.