If a company receives a utility bill for the current month's utilities, but does not...
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Accounting
If a company receives a utility bill for the current month's utilities, but does not pay the bill, what is the effect on the accounting equation?
Options are:
Assets decrease; Stockholders' Equity decreases
Liabilities increase; Stockholders' Equity decreases
No net change in Assets, Liabilities or Stockholders' Equity
Liabilities decrease; Stockholders' Equity decreases
Assets decrease; Liabilities increase
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