Which of the following statements is correct regarding revenues?
O Revenues will cause assets to decrease.
O Revenues do not affect equity.
O Revenues cause equity to increase.
O Revenues cause equity to decrease.

The correct statement regarding revenues is that the revenues affect the equity to increase. So, the correct option that matches the statement quoted above is C.

Revenues are that amount of income which are earned by the company during the course of business by sale of goods or services produced by such business during the financial period.

Revenue

An increase in revenue will lead to an increase in the equities of the company, as more and more revenues lead to an increase in the book value of company's stock prices.

Hence, the correct option is C that an increase in revenues leads to an increase in the equities of an organization.

Learn more about Revenues here:

https://brainly.com/question/25402993

Which of the following statements is correct regarding revenues? O Revenues will cause assets to decrease. O Revenues do not affect equity. O Revenues cause equity to increase. O Revenues cause equity to decrease.

Respuesta :

Revenue

Otras preguntas

Which of the following statements is correct regarding revenues?
O Revenues will cause assets to decrease.
O Revenues do not affect equity.
O Revenues cause equity to increase.
O Revenues cause equity to decrease.