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Which of the following is a true statement? A.Increases in expenses decrease owner's equity. B.Increases in revenues decrease owner's equity. C.Increases in assets decrease owner's equity. D.Increases
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Which of the following is a true statement?

A.Increases in expenses decrease owner's equity.
B.Increases in revenues decrease owner's equity.
C.Increases in assets decrease owner's equity.
D.Increases in expenses increase owner's equity.

User Sebastian Zarnekow
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1 Answer

5 votes
A. Is the correct answer because liabilities going up will reduce OE
User Mohd Nashirudden
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