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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 dec…

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 dec…
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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
by
8.5k points

1 Answer

5 votes
A. Is the correct answer because liabilities going up will reduce OE
User Mohd Nashirudden
by
8.5k points
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