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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Dangling Modifiers

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