Identify Which One of the Following Statements Is False

question 167

Multiple Choice

Identify which one of the following statements is false.

• A)Owners' equity solely represents the profits made by an organization in the current period.
• B)Assets are economic resources that are expected to benefit future cash inflows or reduce future cash outflows.
• C)Liabilities are economic obligations or claims against the assets of an organization by outsiders.
• D)Assets must always equal the sum of liabilities and owners' equity.

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Definitions:

Rape Culture

A societal environment that normalizes or trivializes sexual assault and abuse.

Normalizing

The process of making certain behaviors, values, or conditions seem normal within a society or group, often through repeated exposure or endorsement.

Excusing

The act of justifying or rationalizing one's behavior or mistakes to lessen responsibility or guilt.

Quid Pro Quo Sexual Harassment

Takes place when sexual threats or bribery are made a condition of employment decisions.