Revenues are
A) impacted by debits and credits in the same way that expenses are impacted by debits and credits.
B) a subdivision of equity, providing information about why equity increased.
C) reported on the statement of financial position as a current item.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Revenues are a subdivision of equity because they represent the income generated from normal business operations, which increases equity.

Revenues Are