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Net Income: Multiple Choice Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus liabilities. Occurs when revenues exceed expenses. Represents creditor claims against assets.

Respuesta :

Answer:

Occurs when revenues exceed expenses

Explanation:

Net income is equal to revenue less expenses

Shareholders equity represents the amount of assets owners put into a business. It equals assets minus liabilities.

Liabilities represents the amount of assets owners put into a business. Equals assets minus liabilities.

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