Which of the Following Statements Is True

question 95

Multiple Choice

Which of the following statements is true?

• A)Expenses and losses both represent decreases in assets or increases in liabilities; the terms can therefore be used interchangeably.
• B)Expenses and revenues deal with peripheral activities,while losses and gains deal with operating activities.
• C)Expenses and revenues deal with operating activities,while losses and gains deal with peripheral activities.
• D)Revenues and gains both represent increases in assets or decreases in liabilities; the terms can therefore be used interchangeably.

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Definitions:

Illegal Immigrants

Individuals who enter or reside in a country without the legal permission of that country’s government.

Low-skilled Labor

Workers with minimal specialized skills, training, or education who are typically employed in jobs that require basic tasks.

Illegal Immigrants

People who enter or reside in a country without the proper authorization or documentation required by immigration laws.

Compensating Wage

Additional pay or benefits provided to employees to offset unpleasant aspects of a job or workplace demands.