Business, 27.04.2021 14:00 JaceJose12

Question 7 (5 points) If Old-Fashioned Toys' revenues are less than its expenses during the accounting
period, then the
business will incur a loss.
owner's withdrawals decrease net income.
net income causes liabilities to decrease.
owner's withdrawals increase owner's equity.

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Question 7 (5 points) If Old-Fashioned Toys' revenues are less than its expenses during the accoun...

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