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 is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
Equity is increased by: Group of answer choices dividends. revenues. expenses. liabilities.
Equity is the residual interest in the entity’s assets after deducting its liabilitiesGroup of answer choicesTrueFalse
Equity focuses on what?Group of answer choicesEveryone getting somethingNo one getting anythingEveryone getting what they needEveryone getting the same thing
Dividends paid: Group of answer choices increase assets. increase expenses. decrease revenues. decrease retained earnings.
A company can increase _________ by increasing profits. Group of answer choicesFinancial ProcessEnterprise ValueSolvencySpeculation
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.