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:

Less Happy

A relative state describing a decrease in feelings of happiness or contentment compared to a previous condition.

Moods

pervasive and sustained emotional states that affect one's perception and outlook on life.

Events

Occurrences or happenings, especially significant ones, that take place in a specific time and setting.

Automatic Responses

Reactions that occur without conscious thought, often as a result of learned behaviors or instincts.