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:

Dizygotic

Pertaining to twins that are born from separate eggs fertilized by separate sperm cells, resulting in them being genetically similar as siblings rather than identical.

Monozygotic

Referring to twins that are genetically identical because they were formed from a single fertilized egg that split into two.

Chromosome

A thread-like structure made of protein and a single molecule of DNA, found in the nucleus of cells, carrying genes that determine inherited traits.

Genetic Action

The process by which genes influence traits or behaviors.