Which of the Following Statements Is Correct

question 44

Multiple Choice

Which of the following statements is correct?

• A) Recording revenues results in an increase in assets or a decrease in liabilities.
• B) Recording revenues results in an increase in assets or a decrease in stockholders' equity.
• C)Recording expenses results in a decrease in assets or a decrease in liabilities.
• D)Recording expenses results in an increase in assets or an increase in liabilities.

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Definitions:

Supplier Reliability

The consistency and dependability of a supplier in providing products or services that meet agreed specifications and delivery schedules.

Order Placed

The action taken by a buyer to request goods or services from a supplier.

Aggregate Planning

A process in procurement and production planning aimed at determining necessary capacity and resources to meet anticipated demand.

Transforms Forecasts

Involves using mathematical transformations on historical data to make future predictions.