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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