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Revenues are increases in retained earnings from the delivery of goods or services. 22) T

Revenues are increases in retained earnings from the delivery of goods or services.

22) The Cash Flow Statement is organized in terms of the organization's operating, investing, and financing activities.

23) Expenses are increases in retained earnings that result from operations.

24) For business purposes, dividend payments are classified as expenses.

25) Revenues less cash outflow equals net income (or net loss).

26) The owners' equity of proprietorships and partnerships is different.

27) Dividends are a form of expenses.

Dec 07 2019 Read more Less More

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