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(True or False) Revenues and expenses are entered in the accounts as a result of financial events and activities that produce changes in an entity's

(True or False) Revenues and expenses are entered in the accounts as a result of financial events and activities that produce changes in an entity's assets, liabilities, and/or equity.

Which of the following is considered a revenue item?

A. Proceeds of a bank loan.

B. Investments by owner.

C. Sales on account.

D. All of these.

E. None of these.

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