Which of the Following Is a True Statement

question 106

Multiple Choice

Which of the following is a true statement?

• A) Purchasing office equipment for cash is a shift of assets.
• B) Buying something on account decreases total liabilities.
• C) Retained earnings do not include payments of dividends.
• D) Paying off an account increases the total of assets.
• E) Selling something on account increases total liabilities.

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Definitions:

Limnetic Zone

The open, sunlit surface layer away from the shore of a freshwater body, where photosynthesis can occur, supporting a wide range of plankton and fish species.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, generating oxygen as a byproduct.

Anaerobic

Growing or metabolizing in the absence of molecular oxygen. Compare with aerobic.

Few Organisms

A term referring to a small number or limited diversity of living entities in a given area or ecosystem.