Which of the Following Statements Is True

question 154

Multiple Choice

Which of the following statements is true?

• A)Profits distributed to the creditors are called dividends.
• B)The balance sheet shows the assets,liabilities,and profits of a company.
• C)Dividends are an expense and are reported on the income statement as a deduction from net income.
• D)The income statement reports the revenues and expenses of a company.

---

Definitions:

Planning

The process of setting goals, defining strategies to achieve those goals, and developing plans to integrate and coordinate activities.

Adaptability

The ability of an individual or organization to adjust to changes or new conditions in their environment.

Neuroticism

A personality trait that involves being tense, moody, irritable, and temperamental.

Tense

In linguistics, tense is a grammatical category that locates a situation in time, indicating when the event described by the verb takes place.