Which of the Following Statements Is False

question 176

Multiple Choice

Which of the following statements is false?

• A) Revenues increase equity.
• B) Revenues have normal credit balances.
• C) Revenues are a positive factor in the computation of net income.
• D) Revenues are increased by debits.

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Definitions:

Current Price

The current price refers to the most recent price at which a security, commodity, or currency was traded in a market.

Expected Return

The anticipated profit or loss from an investment over a given period.

Company

An entity engaged in commercial, industrial, or professional activities.

Expected Return

The anticipated return on an investment, calculated by considering the potential outcomes, their probabilities, and the returns associated with each.