Which of the Following Is a Positive Statement

question 125

Multiple Choice

Which of the following is a positive statement?

• A) An increase in gas prices leads people to car pool more.
• B) Inflation is a more serious problem than is deflation.
• C) State lotteries are a good method to use for raising revenues.
• D) Increased prison sentences are the best way to reduce the crime rate.

Familiarize with the purpose of an adjusted trial balance and its role in the accounting cycle.

Gain knowledge on the proper order of preparing financial statements and the significance of each statement.

Learn the depreciation calculation for fixed assets using the straight-line method.

Understand the concepts of accrued expenses and revenues and their adjusting entries.

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Definitions:

Revenues

The total amount of money generated by the sale of goods or services related to a company's primary operations.

Difference Approach

A method used in various fields to understand or analyze differences between entities or phenomena, often to derive specific conclusions or solutions.

Dallas Stores

Retail outlets or branches located in Dallas, typically referring to their specific performance, strategies, or relevancy in market analysis.

Control Group

in experimental research, is a group of subjects that does not receive the treatment or intervention being tested, serving as a baseline to compare the effects of the treatment on the experimental group.