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Select the correct statement from the choices listed below. Revenue is a decrease in assets resulting from operating activities. Dividends are decreases in assets incurred
Select the correct statement from the choices listed below.
Revenue is a decrease in assets resulting from operating activities.
Dividends are decreases in assets incurred for the purpose of producing revenue.
A company incurs expenses when it borrows money.
Net income is an increase in equity resulting primarily from operating activities.
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