Increases in equity from a company's sales of products or services are:

Question

Quizplus · Accepted Answer

Revenues reflect the increases in equity that result from a company's sales of products or services. It is the amount of money a business earns from selling its products or providing services to its customers. As revenue increases, it also increases owner's equity, which is the residual interest in the assets of the company after deducting liabilities. Therefore, option A) is the best choice in this case.

Increases in Equity from a Company's Sales of Products or Services