How would net income be most likely to affect the accounting equation? a. Increase assets and increase stockholders’ equity b. Increase liabilities and decrease stockholders’ equity c. Increase assets...

How would net income be most likely to affect the accounting equation?

a. Increase assets and increase stockholders’ equity

b. Increase liabilities and decrease stockholders’ equity

c. Increase assets and increase liabilities

d. Decrease assets and decrease liabilities