Multiple Choice
Decreases in ownership claims arising from the delivery of goods are called ________.
A) revenues
B) profits
C) liabilities
D) expenses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: Increases in revenues will _.Increases in expenses
Q12: A sole proprietorship has _ owner's equity
Q13: On June 1,2012,a company borrows $100,000 on
Q14: The accounting convention of _ permits a
Q15: Cash collected from customers before goods are
Q17: Revenue and expense accounts are permanent stockholders'
Q18: Hope Company has the following data
Q19: A magazine publisher sells annual subscriptions for
Q20: Dividends paid are considered an expense on
Q21: A stockholders contributed $100,000 in exchange for