Which of the following would increase assets and increase liabilities?
A. Pay dividends to stockholders.
B. Provide services to customers on account.
C. Receive a utility bill for the current month. Plan to pay bill beginning of next month.
D. Purchase office supplies on account.
Answer: D
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A. involuntary B. voluntary C. qualitative D. organic
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Indicate whether the statement is true or false.
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