Asked by Brandon McMahon on May 20, 2024

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Increases in equity from a company's earnings activities are:

A) Assets.
B) Revenues.
C) Liabilities.
D) Owner's Equity.
E) Expenses.

Earnings Activities

Earnings activities refer to business operations and ventures that generate income or profit for a company.

  • Acquire knowledge of the meanings and functions of assets, liabilities, equity, revenues, and expenses within the framework of the accounting equation.
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TT
Terry TreatMay 26, 2024
Final Answer :
B
Explanation :
Increases in equity from a company's earnings activities are classified as revenues, which represent the inflow of resources resulting from the delivery of goods or services.