Collection of a $1,000 Accounts Receivable A. decreases a liability $1,000; increases stockholders' equity $1,000. B. has no effect on total assets. C. increases an asset $1,000; decreases stockholder's equity $1,000. D. increases an asset $1,000; decreases a liability $1,000.
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Home » Business » Collection of a $1,000 Accounts Receivable A. decreases a liability $1,000; increases stockholders' equity $1,000. B. has no effect on total assets. C. increases an asset $1,000; decreases stockholder's equity $1,000. D.