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Revenues and Gains Increase Both Net Income and Owners' Equity

question 22

True/False

Revenues and gains increase both net income and owners' equity.


Definitions:

Dancing With The Stars

A popular television dance competition where celebrities partner with professional dancers to compete in various dance styles and are judged on their performances.

Blackout

A temporary loss of electricity or consciousness, or a period when all lights are turned off for secrecy or protection.

Consequences

The results or effects of actions, which can be positive or negative.

Power Outage

A temporary loss of electrical power in a particular area or community.

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