Multiple Choice
Blenham,Inc.sells merchandise on credit.If a customer pays its balance due after the discount period has passed,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) There is no net effect.
Correct Answer:
Verified
Correct Answer:
Verified
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