Which of the Following Statements Is NOT True

question 31

Multiple Choice

Which of the following statements is NOT true?

• A) If total assets decreased by $30 000 during the period and shareholders' equity decreased by $20 000, liabilities decreased by $10 000 for the period.
• B) If total assets decreased by $50 000 during the period and shareholders' equity decreased by $30 000, liabilities decreased by $80 000 for the period.
• C) If the total assets owned by a company were $80 000 and shareholders' equity totalled $35 000 for the period, liabilities are $45 000.
• D) If total assets increased by $45 000 for the period and liabilities decreased by $20 000, shareholders' equity increased by $65 000.

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Definitions:

Sciatic Nerve

The largest nerve in the human body, extending from the lower back through the hips and buttocks and down each leg, responsible for controlling many muscles in the lower limbs.

Liver

A large, vital organ in the human body responsible for numerous functions including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.

Kidney

A bean-shaped organ in vertebrates that filters waste products from the blood and excretes them as urine, also involved in regulating blood pressure and electrolyte balance.

Medication Compatibility

The degree to which different medications can be co-administered or mixed without causing harm or reducing effectiveness.