Which of the Following Statements Is Incorrect

question 143

Multiple Choice

Which of the following statements is incorrect?

• 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:

Neuroticism

A trait in personality psychology referring to the tendency to experience negative emotions such as anxiety, anger, or depression more frequently and intensely than others.

Big Five

Refers to the five broad personality traits described by psychology: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness To Experience

A personality trait characterized by a willingness to try new things, engage in imaginative activities, and embrace novel ideas.

Personality Traits

Enduring characteristics or behaviors that define an individual's patterns of thought, emotion, and behavior.