Which of the Following Statements Is True of Expenses

question 65

Multiple Choice

Which of the following statements is true of expenses?

• A)Expenses increase equity,so an expense account's normal balance is a credit balance.
• B)Expenses decrease equity,so an expense account's normal balance is a credit balance.
• C)Expenses increase equity,so an expense account's normal balance is a debit balance.
• D)Expenses decrease equity,so an expense account's normal balance is a debit balance.

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Definitions:

Mortality

The state of being subject to death; often used to describe the rate of death within a population.

The Lancet

A prestigious international peer-reviewed medical journal known for publishing significant medical research findings.

Controversial Study

A research project that generates debate and disagreement due to its subject matter, methodology, or findings.

Internal Migration

Movement of a population within a country.