Which of the following statements regarding revenues and expenses is true?
A. Both revenues and expenses typically have credit balances.
B. Revenues and expenses are considered assets and liabilities, respectively.
C. Revenue is the same as cash.
D. Expenses decrease the amount of stockholders' equity.

Question

13-12-2022
Business

contestada

Which of the following statements regarding revenues and expenses is true?
A. Both revenues and expenses typically have credit balances.
B. Revenues and expenses are considered assets and liabilities, respectively.
C. Revenue is the same as cash.
D. Expenses decrease the amount of stockholders' equity.

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fawadmohd fawadmohd · Answer 1 · 2022-12-24T11:54:26+01:00

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