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If a company's revenues are higher than its expenses, it will cause: A) an increase in owner's equity. B) a decrease in owner's equity. C) an increase in assets. …

If a company's revenues are higher than its expenses, it will cause: A) an increase in owner's equity. B) a decrease in owner's equity. C) an increase in assets. …
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5 votes
If a company's revenues are higher than its expenses, it will cause:

A) an increase in owner's equity.
B) a decrease in owner's equity.
C) an increase in assets.
D) no effect on owner's equity.

asked
User Jesse S
by
8.4k points

2 Answers

4 votes

Answer:

an increase in owner's equity

Step-by-step explanation:

answered
User Rens
by
8.4k points
4 votes
The answer is A)an increase in owner's equity
answered
User Santosh Jagtap
by
8.0k points
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