finance–Which of the following statements about revenues

QUESTION

Which of the following statements about revenues, expenses, and net income is (are) most correct?a. Revenues increase the equity of an organizationb. Expenses decrease the equity of an organizationc. Net income (less any divided payments) increases the equity of an organizationd. Net losses decreases the equity of an organizatione. Statements a, b, c, and d are correct

ANSWER:

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