A bill is mailed to a client for services rendered

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Reference no: EM13806726

A bill is mailed to a client for services rendered. it will be paid in the following accounting period. Which of the following would be true as a result of mailing the bill to the client?

A. there will be no effect on total assets

B. total liabilities will decrease

C. net income will increase

D. owner's equity will decrease

Reference no: EM13806726

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