The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business?a. Liabilities are decreased, so total equity is increased. b. Revenues would be decreased, so equity would be decreased. c. Revenues would be decreased, so equity is increased. d. Revenues increase, so total equity is increased.

The correct answer is letter "D": Revenues increase, so total equity is increased.

Explanation:

Equity represents ownership. Equity is one of the three principal asset classes. The other two are fixed income and cash. Equity is the value of a business or property after its debts and liabilities are paid. When talking about accounting, increases in income raises the firm's equity.

Thus, if a company earns $700 after a service rendered, that income will increase the company's equity.

idk the answer to this question

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;