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Revenues increase owners' equity because: Question options: A ) Revenues increase net income, which increases retained earnings. B ) Revenues are recorded by a debit.
Revenues increase owners' equity because:
Question options:
A
Revenues increase net income, which increases retained earnings.
B
Revenues are recorded by a debit.
C
Of the matching principle.
D
The conservatism principle requires revenues be recognized with an increase to owners' equity.
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