Which Statement Relating to Reserves Is Not True

question 34

Multiple Choice

Which statement relating to reserves is not true?

• A) They represent items of equity other than share capital.
• B) They represent cash set aside to be drawn on in hard times.
• C) Retained earnings is a type of reserve account.
• D) When a non-current asset is revalued upwards a revaluation reserve is created.

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Definitions:

Lines of Resistance

In nursing theory, defensive mechanisms or strategies used by individuals or systems to protect against stressors or threats to integrity.

Resistance Factors

Elements that contribute to an organism's or population's ability to withstand adverse conditions, diseases, or treatments, often discussed in the context of microbiology, public health, and psychology.

Ecosystem

A biological community of interacting organisms and their physical environment, functioning as a unit.

Environment

The surrounding conditions, influences, or forces which affect the life, behavior, and development of individuals or populations.