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The business earns $ 2 , 8 0 0 cash for services performed. How would this transaction affect the total equity of a business? Revenues
The business earns $ cash for services performed. How would this transaction affect the total equity of a business?
Revenues would be decreased, so equity is increased.
Revenues would be decreased, so equity would be decreased.
Revenues would be increased, so equity is increased.
There is no effect on total equity.
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