Which of the following statements about revenues, expenses, and net income is (are) most correct?

Which of the following statements about revenues, expenses, and net income is (are) most correct?

a. Revenues increase the equity of an organization

b. Expenses decrease the equity of an organization

c. Net income  (less any divided payments)  increases the equity of an organization

d. Net losses decreases the equity of an organization

e. Statements a, b, c, and d are correct

Which of the following statements about revenues, expenses, and net income is (are) mostcorrect?e. Statements a, b, c, and d are correct