An increase in revenues would have which of the following effects on the accounting equation?

Name: An increase in revenues would have which of the following effects on the accounting equation?
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Question

Quizplus · Accepted Answer

An increase in revenues would increase the company's assets (cash, accounts receivable, etc.) and would also increase stockholders' equity by the same amount, as revenues increase the company's net income. Therefore, D is the correct choice as it increases the Stockholders' Equity.

An Increase in Revenues Would Have Which of the Following