Which of the Following Statements Relating to Expenses Is Not

question 51

Multiple Choice

Which of the following statements relating to expenses is not true?

• A) Expenses result in an increase in owners' equity.
• B) Expenses may arise through immediate cash payments or through promises to pay cash in the future for services received.
• C) Expenses result from costs incurred normally to earn revenue.
• D) Cash may be paid out before expenses are incurred.

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Definitions:

Traditionally Urban Jobs

Occupations commonly found in city environments, often relating to industries like finance, services, and technology.

Rural Rebound

A demographic trend where people move from urban to rural areas, often seeking improved quality of life or to escape the congestion of cities.

Urban Boomerang

The phenomenon where individuals leave urban areas for rural or less dense areas, only to return to the city after a period.

Social Movement

An organized collective effort by a large group of people to bring about or resist social change, often aiming to address societal issues or grievances.