Question: Revenue [ Select ] [ increase , decreases ] net income, and thus [ Select ] [ increases , decreases ]
Revenue Select increase "decreases"net income, and thus Select increases "decreases"retained earnings on the Select income statement", "balance sheet" As such, revenue would be added to the Select left "right"side of the expanded accounting equation.
Hint: For assistance, review the Financial Resource Guide or the lecture on The Accounting Equation.
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