Statements about revenues-expenses and net income

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Reference no: EM131044862

Which of the following statements about revenues, expenses, and net income is(are) most correct?

a. Revenues increase the equity of an organization.

b. Expenses decrease the equity of an organization.

c. Net income (less any dividend payments) increases the equity of an organization.

d. Net losses decrease the equity of an organization.

e. Statements (a), (b), (c), and (d) are correct.

Reference no: EM131044862

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