Which of the Following Statements About Revenues and Expenses Is

question 179

Multiple Choice

Which of the following statements about revenues and expenses is correct?

• A)If revenues are less than expenses,the company has a net loss and Retained Earnings decreases.
• B)If revenues are greater than expenses,the company has net income and Common Stock increases.
• C)If revenues are less than expenses,the company has a net loss and Common Stock increases to balance off the loss.
• D)If revenues are greater than expenses,the company has net income and Retained Earnings decreases.

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Definitions:

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborn offspring, present in both sexes but usually functional only in females.

Chimpanzees

A species of great ape native to the forests and savannahs of Africa, known for their complex social structures and behaviors.

Weapons

Tools or instruments designed or used for inflicting bodily harm or physical damage upon an adversary.

Primatologist

A scientist who specializes in the study of primates, including their behavior, biology, and evolutionary history.