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.

---

Definitions:

RC Parallel Circuit

A circuit configuration consisting of a resistor (R) and a capacitor (C) connected in parallel with each other across a power supply.

R

Commonly used to symbolize resistance in electrical equations and diagrams, measured in ohms (Ω).

RC Parallel Circuit

An electrical circuit composed of resistors and capacitors arranged in parallel, affecting current flow and charge distribution differently from series configurations.

Capacitive Reactance

Capacitive reactance is the measure of opposition that a capacitor offers to AC (alternating current), and it decreases with an increase in the frequency of the electric signal.