Which of the Following Statements Is Correct

question 32

Multiple Choice

Which of the following statements is correct?

• A)Assets normally have a credit balance and are increased with debits.
• B)Assets normally have a debit balance and are increased with credits.
• C)Liability accounts normally have debit balances and are increased with debits.
• D)Stockholders' equity accounts normally have credit balances and are increased with credits.

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Definitions:

Balance Deficit

A lack of stability and coordination which can increase the risk of falls, often resulting from inner ear disorders, neurological conditions, or aging.

Vertigo

Sensation of dizziness or spinning.

Sensory Deprivation

The intentional reduction or removal of stimuli from one or more of the senses, which can lead to increased sensitivity in the remaining senses or to mental effects such as hallucination.

Older-Adult

An individual who is typically defined as being in the later stage of life, often considered to be of age 65 years or older.