The Revenues account in Exhibit 5 reports [increases / decreases] in Retained Earnings during the period, and
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The Revenues account in Exhibit 5 reports [increases / decreases]
in Retained Earnings during the period, and the Expenses account reports
[increases / decreases] in Retained Earnings. As we know, the difference between revenues and expenses is the net i ____ or n __ l ___ of the period.
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