Which of the Following Statements Is False

question 145

Multiple Choice

Which of the following statements is false?

• A) Revenues increase owner's 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:

Advantages and Disadvantages

The positive and negative aspects or outcomes associated with a particular choice, decision, or policy.

Poverty Thresholds

The minimum level of income deemed necessary to achieve an adequate standard of living in a specific country or region.

Poverty Line

The lowest amount of money required to maintain a satisfactory quality of life in a particular country.

U.S. Bureau of the Census

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.