Which of the Following Is a Positive Statement

question 232

Multiple Choice

Which of the following is a positive statement?

• A) Low rents decrease the amount of housing landlords make available for rent.
• B) Low rents are good because they make apartments more affordable.
• C) Housing costs too much.
• D) Owners of apartment buildings ought to be free to charge whatever rent they want.

---

Definitions:

Debit To Cash

An accounting entry that increases the cash balance in the company's ledger.

Collections From Customers

The process of receiving payments from customers for goods or services provided or sold.

Control Accounts

General ledger accounts that summarize and control the total of individual accounts found in subsidiary ledgers.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and transaction data.