The accrual of interest results in the following:
A)Increase in assets and liabilities.
B)Increase in assets and stockholders' equity.
C)Increase in liabilities and decrease in stockholders' equity.
D)Increase in liabilities and increase in stockholders' equity.

Question

Quizplus · Accepted Answer

The Answer of The accrual of interest results in the following:
A)Increase in assets and liabilities.
B)Increase in assets and stockholders' equity.
C)Increase in liabilities and decrease in stockholders' equity.
D)Increase in liabilities and increase in stockholders' equity.

The Accrual of Interest Results in the Following