Which of the Following Statements Is False

question 145

Multiple Choice

Which of the following statements is false?

• A) Revenues increase owner's 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.

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Definitions:

Agency Provides

The act of supplying or making available services or resources by an organization.

Hazard Requiring Label

Substances or situations that pose a risk to health, safety, or the environment, necessitating warning labels.

Fine-Focus Dial

A control knob on a microscope used to make small adjustments in focus to enhance the clarity of the image.