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.

---

Definitions:

Asian American

A person of Asian ancestry or descent, living in the United States, and often referring to a diverse group with varying cultural, linguistic, and religious backgrounds.

Filial Piety

A virtue of respect for one's parents and ancestors in many cultures, particularly prominent in Confucian philosophy.

Younger Generation

Refers to the group of individuals who are significantly younger in age compared to another specified group, often implying recent or innovative perspectives.

Filial Piety

Filial Piety is a virtue of respect for one's parents, elders, and ancestors in certain cultures, particularly in Asian cultures.