Which of the Following Statements Is True

question 24

Multiple Choice

Which of the following statements is true?

• A)Liabilities - Assets = Stockholders' Equity.
• B)The total value of credits in all accounts must always equal the total value of debits in all accounts.
• C)It's normal to have more decreases in an account than increases.
• D)A decrease in contributed capital would be recorded with a credit.

---

Definitions:

Ongoing Process

A continuous and evolving activity or series of actions aimed at achieving a particular goal or maintaining a certain state.

Success Identity

The internal conception of oneself as successful, often shaped by personal achievements, societal standards, and the recognition of others.

Failure Identity

A self-concept characterized by a persistent belief in one's inability to achieve success, often resulting from repeated experiences of failure or negative feedback.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often playing a significant role in ethical and moral discussions.