12. Equity is increased by a. dividends. revenues. C. expenses. d. liabilities. 13. In preparing a bank reconciliation, outstanding checks are a. added to the balance per bank. b. deducted from the balance per books. y added to the balance per books. a. deducted from the balance per bank. 14. Sales revenue less cost of goods sold is called @ gross profit. TD net profit. c. net income. d. marginal income. 15. Assets normally show a. credit balances. b.) debit balances. C. debit and credit balances. d. debit or credit balances