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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