Which of the following statements regarding the activities of Casion Corp.is true?
A)Revenues decrease Casion 's stockholders' equity.
B)Expenses decrease Casion 's stockholders' equity.
C)Expenses increase Casion 's stockholders' equity.
D)None of these are correct.

Question

Quizplus · Accepted Answer

Expenses decrease a company's net income, and therefore decrease stockholders' equity. Revenues, on the other hand, increase net income and increase stockholders' equity.

Which of the Following Statements Regarding the Activities of Casion