Revenues have what effect on the accounting equation?
A) Increase liabilities.
B) Decrease assets.
C) Increase stockholders' equity.
D) No effect.
Answer: C
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A) Increase liabilities.
B) Decrease assets.
C) Increase stockholders' equity.
D) No effect.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.