9.The financial statement that presents a summary of the revenues and expenses of a business for a specific period of time, such as a month or year, is called a(n)

a. prior period statement

b. statement of owner's equity

c. income statement

d. balance sheet

10.

Earning revenue

a. increases assets, decreases owner's equity

b. increases one asset, decreases another asset

c. decreases assets, increases liabilities

d. increases assets, increases owner's equity