Which of the Following Statements About Revenue Is CORRECT

question 161

Multiple Choice

Which of the following statements about revenue is CORRECT?

• A) Revenues decrease owner's equity, so a revenue account's normal balance is a credit balance.
• B) Revenues decrease owner's equity, so a revenue account's normal balance is a debit balance.
• C) Revenues increase owner's equity, so a revenue account's normal balance is a debit balance.
• D) Revenues increase owner's equity, so a revenue account's normal balance is a credit balance.

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Definitions:

Primatology

The scientific study of primates, including their behavior, biology, evolution, and ecology.

Fossil Primates

Prehistoric members of the primate order found as fossils, which provide insights into the evolution and development of modern primates, including humans.

Right-Handed

A preference for using the right hand for tasks and activities, which is the most common handedness in humans.

Left-Handed

The characteristic of using the left hand more naturally and effectively than the right for daily tasks and activities.