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19 March, 16:44

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.

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Answers (2)
  1. 19 March, 17:45
    0
    The answer is C because if a company's revenues are higher than its expenses it will increase the value of a firm or benefit the firm's operations.
  2. 19 March, 18:07
    0
    The correct answer is A. An increase in owner's equity.
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