Which of the Following Statements Is True of Revenue

question 1

Multiple Choice

Which of the following statements is true of revenue?

• 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:

Internal Urethral Sphincter

The internal urethral sphincter is a muscle that surrounds the neck of the bladder, controlling the flow of urine from the urinary bladder into the urethra.

Major Calyx

The major calyx is a component of the kidney that collects urine from the minor calyces before it moves into the renal pelvis and ureter.

Renal Pelvis

The central collecting region in the kidney where urine gathers before moving into the ureter.

Minor Calyx

A cup-shaped structure in the kidney that encloses the apex of a renal pyramid and collects urine before it passes into the major calyx.