Which of the Following Statements Is Not True

question 64

Multiple Choice

Which of the following statements is not true?

• A)Expenses increase shareholders' equity.
• B)Expenses have normal debit balances.
• C)Expenses decrease shareholders' equity.
• D)Expenses are a negative factor in the calculation of profit.

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Definitions:

Fixating

The act of focusing one's attention or thoughts obsessively on a particular object or subject.

Oldest

Referring to something or someone of the greatest age within a group or in a specified timeframe.

Mechanical Devices

Tools or machines made up of moving parts, designed to perform a specific mechanical function.

Cough

A common reflex action aimed at clearing the throat or respiratory passages of irritants, mucus, or foreign particles.