Equity is increased by: Group of answer choices dividends. revenues. expenses. liabilities.
Question
Solution 1
Equity is increased by revenues.
Here's why:
Equity represents the residual interest in the assets of an entity after deducting liabilities. In other words, equity is what's left over for the owners of a business after all the liabilities have been paid off.
Revenues increase equity because Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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