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If revenue exceeds expenses, there are no dividends, and total liabilities remain unchanged, then a. Equity will decrease. b. Net assets will increase. c. Total

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If revenue exceeds expenses, there are no dividends, and total liabilities remain unchanged, then a. Equity will decrease. b. Net assets will increase. c. Total assets will decrease. d. a and c. 1-17 If revenue exceeds expenses, there are no dividends, and total liabilities remain unchanged, then a. Equity will decrease. b. Net assets will increase. c. Total assets will decrease. d. a and c. 1-17

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