Which of the Following Statements Is NOT True

question 48

Multiple Choice

Which of the following statements is NOT true?

• A) If the total assets owned by a business total $110 000 and shareholders' equity totals $30 000,liabilities total $80 000.
• B) If total assets decreased by $30 000 during a specific period and shareholders' equity decreased by $35 000 during the same period,the period's change in total liabilities was a $65 000 increase.
• C) If total assets decreased by $50 000 during a specific period and shareholders' equity decreased by $40 000 during the same period,the period's change in total liabilities was a $10 000 decrease.
• D) If total assets increased by $75 000 during a specific period and liabilities decreased by $10 000 during the same period,the period's change in total shareholders' equity was an $85 000 increase.

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Definitions:

Observance

The act of following, celebrating, or adhering to a specific tradition, rule, or ceremony.

Preaching

The act of delivering a religious message or sermon, typically within the context of a worship service.

British Columbia Human Rights Tribunal

A quasi-judicial body in British Columbia, Canada, responsible for addressing and resolving complaints of discrimination in accordance with the province's human rights code.

Religious Observances

Practices and rituals performed in respect and devotion to a faith or belief system, varying widely among different religions and within communities.