Multiple Choice
Blenham,Inc.sells merchandise on credit.If a customer pays its balance due within the discount period,what is the effect of the payment on Blenham's accounting equation?
A) Assets and stockholders' equity decrease.
B) Assets and stockholders' equity increase.
C) Assets decrease and liabilities increase.
D) Stockholders' equity decreases and liabilities increase.
Correct Answer:
Verified
Correct Answer:
Verified
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