Revenues are a. decreases in liabilities resulting from paying off loans. b. increases in retained earnings resulting

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Revenues are

a. decreases in liabilities resulting from paying off loans.

b. increases in retained earnings resulting from selling products or performing services.

c. increases in paid-in capital resulting from the owners investing in the business.

d. all of the above.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 20, 2020 11:17 AM

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Revenues are a. decreases in liabilities resulting from paying off loans. b. increases in retained earnings resulting

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Financial Accounting

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