Consulting revenue _______ owner's equity. Select one: a) Increases b) Decreases c) None of the above

Consulting revenue _______ owner's equity.

Select one:

a) Increases

b) Decreases

c) None of the above

Solutions

Expert Solution

answer: increases

as revenue increases gross profit will increases as well as net profit increases.these net profits after tax are added to thhe company's retained earnings ,retained earnings is a part of owner's equity.

so as revenue increases owner's equity also increases

ekkarill92 answered 2 years ago

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