Blenham, Inc

question 208

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 decrease and liabilities increase.
• C) Assets and stockholders' equity increase.
• D) No net effect.

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