A) Mortgage payable C) Lease liabilities B) Current maturities of long-term debt D) Bonds payable 25. If services are rendered for cash, then A) stockholders” equity will decrease. 23. If a company collects $100 from an open account receivable, the impact to net income should be: A) Increase for an amount less than $100 C) No impact B) Increase $100 D) Decrease $100 24. Which of the following would not be classified as a long-term liability? A) Mortgage payable C) Lease liabilities B) Current maturities of long-term debt D) Bonds payable 25. If services are rendered for cash, then A) stockholders” equity will decrease. B) liabilities will decrease. C) liabilities will increase. D) assets will increase.