Which of the Following Is a TRUE Statement

question 37

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.

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Definitions:

Base

Molecules tending to lower the hydrogen ion concentration in a solution and thus raise the pH numerically.

Ultimate Source

The primary origin from which something derives or is obtained.

Organisms

Any living individual entity that can carry out life processes such as growth, reproduction, and metabolism.

Sunlight

The natural light emitted by the sun, providing the energy necessary for photosynthesis in plants and influencing various biological processes in living organisms.