Examlex
Which of the following statements is false?
Cash Dividends
Payments made by a corporation to its shareholder members, usually derived from the company’s profits.
Purchase
The act of obtaining goods or services in exchange for money, which can be recorded as an asset or expense depending on its use.
Account
A record in financial accounting that tracks the increase and decrease of financial values, such as assets, liabilities, revenues, and expenses.
Revenues
The total income generated from normal business operations and before any expenses are subtracted.
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