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What are business transactions called that increase owner’s equity as a result of providing a services or selling products to customers? Group of answer choices revenue expense liability asset

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 2PB: Each situation below relates to an independent companys Owners Equity. A. Calculate the missing...

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What are business transactions called that increase owner’s equity as a result of providing a services or selling products to customers?

Group of answer choices

revenue

expense

liability

asset

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