Final answer:
The basic accounting equation is impacted by an increase in assets and stockholders' equity when a company is paid for services rendered, reflecting an increase in revenue.
Step-by-step explanation:
When a company is paid in full for services provided within the current month, this will affect the basic accounting equation by increasing assets and stockholders' equity. The payment received is an asset (such as cash or accounts receivable), and because the service has been provided, it leads to an increase in revenue, which is recorded under stockholders' equity. Stockholders' equity will increase as revenue is recorded. Revenue represents the company's earnings from providing services and contributes to the owners' claim on the company's assets. The correct answer to how the basic accounting equation will be affected is: b. Stockholders' equity will increase as revenue is recorded.