Basic Financial Accounting Short Questions: Earning revenue _____________________________ .
Select one alternative:
A increases one asset, decreases another asset
B decreases assets, increases liabilities
C increases assets, increases owner's equity
D increases assets, decreases owner's equity

Question

Earning revenue _____________________________ . 
Select one alternative:
A increases one asset, decreases another asset
B decreases assets, increases liabilities
C increases assets, increases owner's equity
D increases assets, decreases owner's equity

Gonza R · Accepted Answer

C increases assets, increases owner's equity

Basic Financial Accounting Short Questions

Earning revenue _____________________________ . Select one alternative: A increases one asset, decreases another asset B decreases assets, increases liabilities C increases assets, increases owner's equity D increases assets, decreases owner's equity

C increases assets, increases owner's equity

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