Which of the Following Statements Is True

question 151

Multiple Choice

Which of the following statements is true?

• A) Expenses accounts have normal credit balances and decrease owner's capital.
• B) Expense accounts are increased with debits and have normal debit balances.
• C) Expenses increase owner's capital.
• D) Expenses and Owner's Drawings are negative factors in the computation of net income.

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Definitions:

Communist Manifesto

A political document written by Karl Marx and Friedrich Engels that presents the principles of communism and advocates for the proletariat's class struggle to overthrow capitalist societies.

Brym and Lie

Sociologists known for their contributions to the study of social dynamics and structures.

Hypothesis

A proposed explanation or assumption for a phenomenon, placed forward as a basis for further investigation or experimentation.

Theory

A coherent set of propositions formulated to explain a group of facts or phenomena, often tested through scientific methods.