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The business earns $ 7 0 0 of consulting revenue. How would these earnings affect the total equity of a business? Multiple choice question. Revenues

The business earns $

700

of consulting revenue. How would these earnings affect the total equity of a business?

Multiple choice question.

Revenues would be decreased, so equity would be decreased.

Liabilities are decreased, so total equity is increased.

Revenues increase, so total equity is increased.

Revenues would be decreased, so equity is increased.

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