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Determine which is the changes in equity

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Question 1: Baldwin earned revenue of $184,898,675 and had expenses of $171,196,185. This will cause which of the following changes in equity?

Option 1: Equity will increase $184,898,675

Option 2: Equity will increase $13,702,491

Option 3: Equity will decrease $171,196,185

Option 4: Equity will decrease $13,702,491

Reference no: EM132506607

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