Which of the Following Is a True Statement

question 132

Multiple Choice

Which of the following is a true statement?

• A)Revenue decreases owners' equity and increases liabilities.
• B)Expenses increase owners' equity and decrease liabilities.
• C)Revenue increases owners' equity and expenses decrease owners' equity.
• D)Revenue decreases owners' equity and expenses increase owners' equity.

---

Definitions:

Inherent Inequalities

Refers to disparities or unequal conditions that are naturally or intrinsically part of a certain system or society.

Ambiguous

This refers to something that is open to more than one interpretation or has a double meaning, making it unclear or uncertain.

Irreconcilable Differences

A term often used in divorce law to indicate that a couple cannot resolve their disagreements and thus cannot remain married.

Divorce Act

Legislation that regulates the legal process of ending a marriage, including the division of property, custody of children, and financial support.