Which of the Following Statements Is False

question 176

Multiple Choice

Which of the following statements is false?

• A) Revenues increase equity.
• B) Revenues have normal credit balances.
• C) Revenues are a positive factor in the computation of net income.
• D) Revenues are increased by debits.

---

Definitions:

Managers

Individuals in an organization responsible for directing and overseeing the work of others, making strategic decisions, and ensuring objectives are met.

Vicarious Learning

The process of learning by observing the actions of others and the consequences of those actions, without directly experiencing them oneself.

Kickflip

A trick performed on a skateboard where the rider and board spin horizontally in the air.

Skateboard

A small, narrow platform with wheels attached to its underside, used for riding as a sport or leisure activity.