QuestionMay 19, 2026

Increases in equity from a company'sales of products or services to customers are: Revenues. Liabilities. Accounts payable. Expenses. Assets.

Increases in equity from a company'sales of products or services to customers are: Revenues. Liabilities. Accounts payable. Expenses. Assets.
Increases in equity from a company'sales of products or services to customers are: Revenues. Liabilities. Accounts payable. Expenses. Assets.

Solution
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Answer

Revenues Explanation 1. Identify definition Increases in equity from sales to customers are called revenues in accounting because they generate income and increase owner's equity. 2. Eliminate incorrect options Liabilities and accounts payable are obligations, expenses decrease equity, and assets are resources. Only revenues match the definition.

Explanation

1. Identify definition <br /> Increases in equity from sales to customers are called revenues in accounting because they generate income and increase owner's equity. <br />2. Eliminate incorrect options <br /> Liabilities and accounts payable are obligations, expenses decrease equity, and assets are resources. Only revenues match the definition.
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