Which of the Following Statements Is not True

question 64

Multiple Choice

Which of the following statements is not true?

• A)Expenses increase stockholders' equity.
• B)Expenses have normal debit balances.
• C)Expenses decrease stockholders' equity.
• D)Expenses are a negative factor in the computation of net income.

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Definitions:

Unconditional Pardon

A complete forgiveness for a crime that removes all legal penalties without any conditions or stipulations attached.

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex, though it has not been ratified.

American Society

A diverse and complex society in the United States characterized by various cultural, ethnic, and religious backgrounds.

Freedom

The state of being free or at liberty rather than in confinement or under physical restraint.