Earning a Revenue on Account Would

question 46

Multiple Choice

Earning a revenue on account would:

• A)have no effect on owner's equity.
• B)increase owner's equity.
• C)decrease owner's equity.
• D)decrease total assets.

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Mystical

Pertaining to or involving a spiritual or esoteric experience that goes beyond the ordinary understanding or explanation.

Psychoanalytic

Refers to a psychological theory and therapy that emphasizes the role of unconscious factors in personality and behavior.

Medical

Pertains to the science of diagnosing, treating, and preventing illnesses and injuries.