Revenues are a. decreases in liabilities resulting from paying off loans. b. increases in retained earnings resulting
Question:
Revenues are
a. decreases in liabilities resulting from paying off loans.
b. increases in retained earnings resulting from selling products or performing services.
c. increases in paid-in capital resulting from the owners investing in the business.
d. all of the above.
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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