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Net Income: Multiple Choice O Decreases equity. O Represents the amount of assets owners put into a business. O Equals assets minus liabilities. O Is
Net Income: Multiple Choice O Decreases equity. O Represents the amount of assets owners put into a business. O Equals assets minus liabilities. O Is the excess of revenues over expenses. O Represents owners' claims against assets. Resources a company owns or controls that are expected to yield future benefits are: Multiple Choice Assets. Revenues. Liabilities. O Owner's Equity Expenses. Increases in equity from a company's sales of products or services are: Multiple Choice Assets. Assets. 0 Revenues. 0 Liabilities 0 Stockholders' Equity. 0 Expenses
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