The increases in stockholders' equity attributable to selling services or products to customers are called a. assets b. expenses c. liabilities d. revenues

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Business

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2 January, 23:40

The increases in stockholders' equity attributable to selling services or products to customers are called a. assets b. expenses c. liabilities d. revenues

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Jaslyn Price · Answer 1

d. revenues

Explanation:

Revenue is the sales made to customers. This is usually accounted for as a credit in the income statement and is closed at the end of the period into the retained earnings section of the stockholder's equity.

Hence, the increases in stockholders' equity attributable to selling services or products to customers are called revenue.