A company collects a customer's account within the discount period.Indicate how this transaction would affect (1) assets, (2) stockholders' equity,and (3) revenues.
A) (1) Decrease, (2) Decrease, (3) Decrease
B) (1) Increase, (2) Increase, (3) Increase
C) (1) Increase, (2) Increase, (3) No effect
Correct Answer:
Verified
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