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:

Task-oriented Leaders

Leaders who focus primarily on the completion of tasks and objectives rather than on the personal needs of team members.

Situational Favourableness

The extent to which a particular situation is perceived as beneficial, opportune, or advantageous.

Situational Favourableness

The degree to which a particular situation or environment is advantageous or beneficial to the goals of a person or group.

Leadership Orientation

Relates to an individual's or organization's approach and style in leading others, encompassing aspects like decision-making processes and value on relationship-building.