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Which of the following statements is true? -When operating income is positive, revenue is greater than expenses. -When net income is negative, retained earnings decrease,
Which of the following statements is true?
-When operating income is positive, revenue is greater than expenses.
-When net income is negative, retained earnings decrease, all other things being equal.
-When net income is positive, Shareholders' equity increases, all other things being equal.
-All of the answers are acceptable.
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