Question

. Which of the following statement is incorrect?
(A) Net income is reported by an entity for a period of time
(B) Net income increases the owner's capital
(C) Net income is equal to revenue minus expenses
(D) Net income is equal to revenue minus the sum of expenses and drawings​

Answer 1

Net income increases the owner's capital

(C) Net income is equal to revenue minus expenses

(D) Net income is equal to

Answer 2

please tell this questions answer right now