Which of the following transactions does not affect total assets?
A)A bill is received for last month's utilities.
B)Dividends are paid to stockholders.
C)Customers are billed for services provided on credit.
D)New equipment is purchased on credit.

Question

Quizplus · Accepted Answer

Receiving a bill for last month's utilities increases liabilities but does not immediately affect total assets, as no cash or asset exchange occurs at that point.

Which of the Following Transactions Does Not Affect Total Assets