Identify Which One of the Following Statements Is False

question 149

Multiple Choice

Identify which one of the following statements is false.

• A) A transaction can increase the balance in two accounts.
• B) A transaction must increase and decrease the same number of accounts.
• C) A transaction can increase the balance in two accounts and decrease the balance in one account.
• D) A transaction can increase the balance in one account and decrease the balance in another account.

---

Definitions:

Desired Profit

The predetermined profit that a company aims to achieve at the end of a specific period.

Total Cost Method

An accounting method where the total costs of producing goods or services are calculated, including both direct and indirect costs.

Target Costing

A pricing strategy in which the selling price of a product is determined first, and then the allowable cost of manufacturing the product is calculated by subtracting a desired profit margin.

Cost-Reduction Emphasis

A strategic focus of an organization on identifying and implementing ways to decrease expenses and costs to improve profitability.